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5520 Old Chapel Hill - Old Chapel Hill Road 11.7 Acres of Residential Land in Durham, NC 27707
INVESTMENT HIGHLIGHTS
- The site sits in the North 15-501 Corridor Sub Area A.
- Well located for a unique opportunity to develop uses such as commercial, retail, off-campus student housing, graduate housing or conventional.
- Rare opportunity to develop in the highly sought after and high barrier-to-entry Chapel Hill – Durham market.
EXECUTIVE SUMMARY
Avison Young is pleased to present the Old Chapel Hill Rd Assemblage in the high-growth market of Durham, North Carolina and the Chapel Hill zoning jurisdiction. The Property consists of ±11.7 acres, and is well located for a unique opportunity to develop a mix of uses such as commercial, retail, off-campus student housing, graduate housing or conventional multifamily.
PROPERTY FACTS In Escrow
1 LOT AVAILABLE
Lot
| Lot Size | 11.70 AC |
| Lot Size | 11.70 AC |
DESCRIPTION
The Old Chapel Hill Rd Assemblage site is currently zoned R-1 in Chapel Hill’s Zoning jurisdiction with the future land-use plan calling for mixed-use, multifamily residential or commercial/ office. The Property's highest and best use is in maximizing the use of multifamily as the rents in the market can support various apartment building types including garden, high-density surface parking and builds utilizing structured parking.
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5520 Old Chapel Hill - Old Chapel Hill Road
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