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5444 Fayetteville Rd 0.79 Acres of Commercial Land Offered at $750,000 in Durham, NC 27713
Investment Highlights
- Quick access to I-40.
- Frontage on Fayetteville Rd.
Executive Summary
Quick access to I-40. Current zoning allows up to 18 units with a development plan up to 3 stories. Proposed zoning with new UDO is CX-3 which allows for residential mixed use and retail development. Sellers have previously approved site plan on hand.
Property Facts
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 0.79 AC |
| Price Per AC | $949,367.09 |
| Price | $750,000 |
| Price Per AC | $949,367.09 |
| Lot Size | 0.79 AC |
Exceptional development site on Fayetteville Road located in a densely populated area of South Durham near Southpoint Mall. Proposed zoning with new UDO is CX-3 which allows for mixed use and retail development up to 3 stories.
Description
Exceptional development site on Fayetteville Road located in a densely populated area of South Durham near Southpoint Mall. Quick access to I-40. Proposed zoning under new UDO is CX-3 which allows for residential mixed use and retail development. Current zoning allows up to 18 units with a development plan up to 3 stories. Most recent site plan features a 7,600 sf two story building
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 206521 | Improvements Assessment | $0 |
| Land Assessment | $426,600 | Total Assessment | $426,600 |
Property Taxes
Parcel Number
206521
Land Assessment
$426,600
Improvements Assessment
$0
Total Assessment
$426,600
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5444 Fayetteville Rd