1508 N Alston Ave - Commercial LAND FOR SALE


Durham, NC 27701- East Durham22,216 SF
$550,000 USD
919-493-0395
1508 N Alston Ave, Durham, NC for Sale
$550,000 USD
Commercial LAND - FOR SALE
1/8
22,216 SF

1508 N Alston Ave
Durham, NC 27701
East Durham


HIGHLIGHTS

  • Two adjacent parcels with a combined acreage of approximately 0.51 acres.
  • Zoned Economic Development District (EDD) with allowance for multifamily redevelopment.
  • Existing water meters and sewer laterals on-site, reducing development costs and timelines.
  • Potential to create up to six residential lots based on current zoning guidelines.
  • Located minutes from Downtown Durham, Duke University, and Research Triangle Park, offering strong connectivity.
  • Proximity to planned mixed-use and residential developments supports long-term market demand.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/ACRE

$1,078,431/AC

PRICE/SF

$25 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1508 N Alston Ave Portfolio

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.51 AC

LAND SF

22,216 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

EDD

APN/PARCEL ID

110954

ASK ABOUT THIS PROPERTY

Brad GregoryPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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Brad GregoryPickett Sprouse Commercial Real EstateMore Info
919-493-0395

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.