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2908 Page Rd - Residential Land, Easy Access, Airport 29.28 Acres of Residential Land in Morrisville, NC 27560
Investment Highlights
- 30% HUD 2026 Basis Boost Eligible
- Premier I-40 / 540 / RDU Airport Access
- Utilities Adjacent | 2 Sewer Access Points
- Near Brier Creek Commons & Top Golf
Executive Summary
Future Land Use:
• RX-3 (9.23± acres) – supports ~70 units per acre
• R-D (20.29± acres) – supports ~8 units per acre
• CN (0.32± acres)
Zoned IL & OI by-right today, providing optionality during entitlement strategy.
Eligible for HUD 2026 Small DDA/QCT 30% Basis Boost:
• Increases LIHTC eligible basis by 30%
• Enhances total tax credit allocation
• Improves IRR and DSCR
• Reduces gap financing
• Strengthens 9% application competitiveness
• Supports workforce and affordable housing execution
Utilities:
• Durham County sewer adjacent (2 connection points)
• Water nearby
• Heavy power available
Access:
Immediate proximity to I-40, Hwy 540, Hwy 70 and RDU Airport.
Location:
Minutes to Brier Creek Commons, Top Golf, RTP and major employment corridors.
This offering presents a strong residential transition opportunity aligned with municipal planning direction.
Property Facts
1 Lot Available
Lot
| Lot Size | 29.28 AC |
| Lot Size | 29.28 AC |
29.28± acres in Durham with Future Land Use Residential (R-D, RX-3 & CN). Utilities nearby. Easy access to I-40, 540 & RDU. Eligible for 30% HUD basis boost. Zoned IL/OI by-right with strong residential transition potential.
Description
Residential Development Opportunity – 29.28± Acres – Durham, NC Four assembled parcels totaling 29.28± acres positioned along Smallwood Drive and Page Road in Durham. The property is currently zoned IL & OI by-right but designated Future Land Use Residential under Durham’s planning framework. Future Land Use breakdown: RX-3 (9.23± acres) Supports approximately 70 units per acre. Ideal for: • Garden-style apartments • 3-story walk-up multifamily • Live/work units • Mixed-use residential with neighborhood retail • Leasing office / coffee / small service retail R-D (20.29± acres) Supports approximately 8 units per acre. Ideal for: • Townhomes • Duplex / Triplex / Quads • BTR cottages • Small lot single-family • Flex residential formats The site is eligible for the HUD 2026 30% basis boost, significantly enhancing LIHTC project economics. Infrastructure advantages include: • Two adjacent sewer access points • Water nearby • Heavy power capacity • Strong highway access Positioned in one of the most accessible submarkets in the Triangle, with direct connectivity to I-40, 540, Hwy 70 and RDU Airport. Located minutes from Brier Creek Commons retail and major employment centers. This is a strategic residential play aligned with municipal growth direction while retaining by-right industrial optionality.
Property Taxes
| Parcel Numbers | Improvements Assessment | $102,600 | |
| Land Assessment | $1,928,775 | Total Assessment | $2,031,375 |
Property Taxes
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2908 Page Rd - Residential Land, Easy Access, Airport
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