4354 S Alston Ave
Durham, NC 27713
Alston Oaks · Land For Sale · 12.93 AC

Property tours are available by appointment ONLY. Please contact Barry Bowling, CCIM to schedule at barry.bowling@cbre-raleigh.com or 919-831-8187. Investment Highlights: ñ13.055 AC of land for development in Durham, NC Zoned Office & Institutional (OI), City of Durham ETJ Favorable flexible zoning that allows for a variety of uses Future land use calls for Office and Recreational/Open Space Municipal water and sewer service available Huge value-add opportunity through development to maximize highest and best use Prime location and access; Located just off the I-40/NC Hwy 55 interchange Dense demographics with 2017 population of ñ116,153 and Avg HH Income of ñ$87,448 within a 5-mile radius Investment Overview: The Durham Development Site is a ñ13.055 AC parcel of vacant/wooded land located at 4354 S Alston Avenue in Durham, NC. This Property offers investors an opportunity to purchase a vacant land parcel ready for development at a significant discount with a HUGE value add opportunity. The Property presents investors with a huge value-add opportunity that is ready for immediate development and lease-up at market rates. The Property is zoned Office & Institutional The Property presents investors with a huge value-add opportunity that is ready for immediate development and lease-up at market rates. The Property is zoned Office & Institutional (OI) and permitted uses include independent living facility, home day care, school, medical office, hospital, and rail and bus terminal, gallery, office building, etc. Additionally, there are some protective restrictions placed on the property that allow for business offices, laboratories, research and development facilities, conference center and restaurant uses. The future land use calls for Office and Recreational/Open Space. Lastly, there is municipal water and sewer service available. Durham is a city in NC and part of the Research Triangle Region, known for its technology companies and scholarly institutions. Durham is the core of the four-county Durham-Chapel Hill Metropolitan Area, which has a population of 542,710 in 2014 and is the home of Duke University and North Carolina Central University, and is also one of the vertices of the Research Triangle area (home of the Research Triangle Park which is located ñ3 miles from the Property). The Durham Development Site neighbors La Quinta Inn & S