3117-3127 Pickett rd - Residential LAND FOR SALE


Durham, NC 27705- Garrett271,379 SF
$4,795,000 USD
919-831-8271
3117-3127 Pickett rd, Durham, NC for Sale
$4,795,000 USD
Residential LAND - FOR SALE
1/1
271,379 SF

3117-3127 Pickett rd
Durham, NC 27705
Garrett


HIGHLIGHTS

  • Entitled to permit up to 140 multifamily units
  • Rare multi-parcel development site
  • Unbeatable location in densely populated Durham submarket

OVERVIEW

CBRE is pleased to present a unique opportunity for a buyer to acquire a rare ±6-acre multifamily development site in South Durham. The site was recently rezoned from Residential Suburban-20 (RS-20) to Planned Development Residential (PDR 36.176) (City of Durham ETJ), allowing for the construction of up to 140 multifamily units. Preliminary site plans include a four-story podium building featuring a leasing office, clubhouse, pool and dog park. However, changes to the preliminary site plan are permitted.

FOR SALE DETAILS

PRICE

$4,795,000 USD

PRICE/ACRE

$769,662/AC

PRICE/SF

$18 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Pickett Apartments

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

6.23 AC

LAND SF

271,379 SF

OFFSITE IMPROVEMENTS

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

ZONING

PDR 36.176

APN/PARCEL ID

138783,138786,138788,236561

ASK ABOUT THIS PROPERTY

Harrison BensonCBRE, Inc.More Info
919-831-8271

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Harrison BensonCBRE, Inc.More Info
919-831-8271

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