11 White Oak Drive, and 5520, 5522 & 5608 Old Chapel Hill Rd, Durham, NC 27707

Avison Young is pleased to present the Old Chapel Hill Rd Assemblage in Durham, North Carolina. The Property consists of ±11.7 acres, and is well located for a unique opportunity to develop a mix of uses such as commercial, retail, off-campus student housing, graduate housing or conventional multifamily.

The Old Chapel Hill Rd Assemblage site is currently zoned R-1 in Chapel Hill's Zoning jurisdiction with the future land-use plan calling for mixed-use, multifamily residential or commercial/office. The Property's highest and best use is in maximizing the use of multifamily as the rents in the market can support various apartment building types including garden, high-density surface parking and builds utilizing structured parking. This is a rare opportunity to develop in the highly sought after and high-barrier-to-entry Chapel Hill – Durham market.

The property sits in the North 15-501 Corridor Sub Area A. The Property is well located for a unique opportunity to develop a mix of uses such as commercial, retail, off-campus student housing, graduate housing or conventional multifamily. 

The Property is in Durham County but under the Chapel Hill zoning jurisdiction. It is currently zoned R1, allowing for various types of lower density residential uses. The future land-use plan calls for a mix of uses including multifamily, retail, and commercial.