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Executive Summary

Incredible development opportunity totaling ±27.22 acres near downtown Durham. Ideally positioned with frontage along US Hwy 70 and close proximity to NC 147 and Research Triangle Park.

Property Facts

Price $8,505,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Hold For Development
  • Hold For Investment
Total Lot Size 27.22 AC
Zoning MDR - Low-Medium Density Residential

1 Lot Available

Lot

Price $8,505,000
Price Per AC $312,454.08
Lot Size 27.22 AC

Existing PDR zoning permits max density of 12.67 units/acre for a total of 320 units

Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
  • Listing ID: 25637381

  • Date on Market: 5/5/2022

  • Last Updated:

  • Address: 734 S Miami Blvd, Durham, NC 27703

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