2908 Page Rd, Morrisville, NC 27560 For Sale

Residential Development Opportunity – 29.28± Acres – Durham, NC

Four assembled parcels totaling 29.28± acres positioned along Smallwood Drive and Page Road in Durham. The property is currently zoned IL & OI by-right but designated Future Land Use Residential under Durham’s planning framework.

Future Land Use breakdown:

RX-3 (9.23± acres)
Supports approximately 70 units per acre.
Ideal for:
• Garden-style apartments
• 3-story walk-up multifamily
• Live/work units
• Mixed-use residential with neighborhood retail
• Leasing office / coffee / small service retail

R-D (20.29± acres)
Supports approximately 8 units per acre.
Ideal for:
• Townhomes
• Duplex / Triplex / Quads
• BTR cottages
• Small lot single-family
• Flex residential formats

The site is eligible for the HUD 2026 30% basis boost, significantly enhancing LIHTC project economics.

Infrastructure advantages include:
• Two adjacent sewer access points
• Water nearby
• Heavy power capacity
• Strong highway access

We deleted the buffered stream and have minimal wetland impact on site.

Positioned in one of the most accessible submarkets in the Triangle, with direct connectivity to I-40, 540, Hwy 70 and RDU Airport. Located minutes from Brier Creek Commons retail and major employment centers.

This is a strategic residential play aligned with municipal growth direction while retaining by-right industrial optionality.