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2300 E Geer St 8 Acres of Residential Land Offered at $4,160,000 in Durham, NC 27704
INVESTMENT HIGHLIGHTS
- ±8.22 acres across two contiguous parcels
- Four-Story Residential Product | 24 Affordable Units at 60% AMI
- Durham County location in an active growth corridor
- Approved Site Plan for 208 Multifamily Units
- Public water and sewer available
- Convenient access to Downtown Durham and major regional routes
EXECUTIVE SUMMARY
Located at 2300 E Geer Street in Durham, North Carolina, this ±8.22-acre development site consists of two contiguous parcels within Durham County and benefits from approved site plan entitlements for a 208-unit multifamily community. The approved plan allows for a four-story residential product, offering investors and developers a rare opportunity to advance a fully entitled project in a growing East Durham corridor.
The property fronts E Geer Street, a key east–west thoroughfare providing convenient access to Downtown Durham and nearby employment centers. The area is characterized by strong residential growth, expanding commercial activity, and proximity to major transportation routes serving the greater Research Triangle region.
The property fronts E Geer Street, a key east–west thoroughfare providing convenient access to Downtown Durham and nearby employment centers. The area is characterized by strong residential growth, expanding commercial activity, and proximity to major transportation routes serving the greater Research Triangle region.
PROPERTY FACTS
| Price | $4,160,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 8.00 AC |
| Property Type | Land | Cross Streets | Junction Rd |
| Price | $4,160,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 8.00 AC |
| Cross Streets | Junction Rd |
1 LOT AVAILABLE
Lot
| Price | $4,160,000 | Lot Size | 8.00 AC |
| Price Per AC | $520,000.00 |
| Price | $4,160,000 |
| Price Per AC | $520,000.00 |
| Lot Size | 8.00 AC |
±8.22 acres across two contiguous parcels: PIN 0842684325: 5.34 acres (2300 E Geer St.) PIN 0842688359: 2.88 acres (2240 E Geer St.)
1 1
PROPERTY TAXES
| Parcel Number | 169717 | Improvements Assessment | $0 |
| Land Assessment | $614,100 | Total Assessment | $614,100 |
PROPERTY TAXES
Parcel Number
169717
Land Assessment
$614,100
Improvements Assessment
$0
Total Assessment
$614,100
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2300 E Geer St
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