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1900 Hillandale Rd - 1900 Hillandale Rd 1.31 Acres of Residential Land Offered at $995,000 in Durham, NC 27705

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Investment Highlights

  • ±1.31-acre townhome development opportunity
  • Convenient to numerous restaurants and retail
  • Convenient access to I-85, US-501 and NC-147
  • Zoned RU-M(D) allowing urban residential uses
  • Approximately 8 minutes from Duke University and Duke Hospital

Executive Summary

The ±1.31-acre offering consists of three parcels zoned RU-M(D) (Residential Urban – Multifamily with Development Plan) and is proposed for townhome development. The site features frontage along both Hillandale Road and Fawn Avenue and is offered at an asking price of $995,000. A conceptual site plan illustrates the potential for up to 26 townhome units, subject to zoning approval or rezoning as required.

Property Facts

Price $995,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 1.31 AC
Zoning RU-M(D) - Residential Urban - Multifamily with a Development Plan

1 Lot Available

Lot 0813911027

Price $995,000
Price Per AC $759,541.98
Lot Size 1.31 AC

±1.31-acre townhome development site at the signalized corner of Hillandale Road and Fawn Avenue in Durham, NC. Zoned RU-M(D) and located approximately 8 minutes from Duke University and Duke Hospital with convenient access to I-85 and US-501.

Description

The subject property is a ±1.31-acre townhome development site located at the corner of Hillandale Road and Fawn Avenue in Durham. Zoned RU-M(D), the site supports urban residential development and is situated approximately 8 minutes from Duke University and Duke Hospital. The property offers strong access to I-85, US-501 and the Durham Freeway within an established residential area.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 125634
  • 125633
  • 125635
Land Assessment
$483,750
Improvements Assessment
$332,792
Total Assessment
$816,542
  • Listing ID: 31342891

  • Date on Market: 3/27/2024

  • Last Updated:

  • Address: 1900 Hillandale Rd, Durham, NC 27705

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