Listed by NAI Tri Properties
$8,505,000
734 S. Miami Blvd
Details
APN 0840386490;0840376685;0840379671
Property Type Land
Sub Type Multifamily, Development Site
Price Per Acre $309,385
Acreage 27.220
Zoning Residential Urban RU-5, MDR, Low-Medium Density Residential
NEW 23.5 Acre Durham Multifamily Development Opportunity
Marketing description
Incredible development opportunity totaling about ±23.5 acres in downtown Durham. Ideally positioned with frontage along US Hwy 70 and close proximity to NC 147 and Research Triangle Park.
Investment highlights
- Current Zoning: Residential Urban Ru-5 Has a Density of 6-8 Units/acre but Can Get as High as 12/acre With Small Lot Project (Which Limits Structures to 1,200 Sf) or May Qualify for Additional Density Under the Major Thoroughfare or Affordable Housing Bonuses.
- Future Zoning: MDR, Low-medium Density Residential (4 - 8 Du/acre)
- See Wetland Study Attached to Brochure. See Density Study in Brochure.
Listing Contacts
Listed by NAI Tri Properties
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