Listed by Pickett Sprouse Commercial Real Estate
$2,500,000
3.71 Acre Apartment Site on Hwy 751
Details
Property Type Land
Sub Type Commercial, Residential
Acreage 3.710
Zoning Mixed Residential Neighborhood
Land | 3.71 acres
Marketing description
Large 3.7+ acre property located on Highway 751 just 1/2 mile South of Interstate 40 and The Streets at Southpoint, under 15 minutes to Research Triangle Park, downtown Durham, downtown Chapel Hill and RDU International Airport. Durham's 2023 Comprehensive Plan designates the property for Mixed Residential Neighborhood. This land use type includes apartments and neighboring parcels have been approved for 29+ dwelling units per acre. Refer to listing photos for information regarding land use and location of public utilities. Act now to participate in this rapidly growing part of the Research Triangle. Sellers will entertain offers on standard form 580L-T, proof of funds must accompany any offer. Contact listing agent with questions!
Investment highlights
- 3.7 + Acres
- Apartment Site
- +/- 400 feet of frontage on Hwy 70
Listing Contacts
Listed by Pickett Sprouse Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
