
613 CRAVEN ST DURHAM NC 27704-2947
Residential Infill Development Opportunity – Up to 16 Lots in Durham
Marketing description
Rare opportunity to acquire a group of residential infill lots within an established Durham neighborhood.
The primary offering includes 11 lots for $750,000, consisting of Lots 8 and 9 of Block C at 608 Craven Street, Lots 9 through 14 of Block B at 613 Craven Street, and Lots 6 through 8 of Block B at 702 Martin Street.
Five additional lots in the estate, Lots 1 through 5, are also available for $50,000 each, providing the opportunity to acquire up to 16 total lots.
The properties have frontage on paved public roads, with utilities available in the area. The surrounding neighborhood was developed primarily in the 1950s and 1960s and is seeing continued reinvestment as older homes and vacant lots are replaced with new construction.
The City of Durham may allow additional subdivision and a range of housing types under current development regulations. This offering is well suited for a builder or developer looking to construct multiple homes within one neighborhood and benefit from Durham’s continued growth and employment expansion.
See the attached historical survey for additional property details. Buyers should independently verify zoning, subdivision potential, utility capacity, permitted uses, and development requirements.
Listed by Julie Wright Land Company/Julie Wright Commercial Group
Investment highlights
- 11 residential infill lots offered at $750,000
- Five additional lots available at $50,000 each
- Up to 16 total lots available
- Located within Durham city limits
- Utilities available
- Frontage on paved public roads
- Established neighborhood with ongoing new construction and redevelopment
- Potential for additional subdivision and multiple housing types, subject to City approval
- Well suited for a builder seeking multiple homesites in one concentrated area
- Near major employment and pharmaceutical manufacturing investment in the Durham market
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