This offering includes two parcels totaling approximately 0.51 acres located in Durham’s evolving urban core. Zoned Economic Development District (EDD), the property provides an excellent redevelopment opportunity within a dynamic market poised for continued growth. With existing water meters and sewer laterals in place, developers and investors can significantly reduce upfront utility and infrastructure costs. The parcels allow for potential subdivision into up to six lots, enhancing flexibility for multifamily configurations or other residential development strategies.
The site’s location supports strong connectivity to major economic drivers including Downtown Durham, Duke University, and Research Triangle Park, all within a short commute. Planned residential and mixed-use projects in the surrounding area further amplify demand and long-term upside. Additionally, exemption eligibility from the Goose Creek Outfall Impact Basin offers notable savings, easing entry for development initiatives.
Positioned in one of the most resilient real estate markets in the Southeast, this property represents a rare chance to capitalize on Durham’s persistent housing demand and robust infrastructure network.