703-772-2339
6 Grace Ln, Durham, NC for Sale
Commercial LAND - FOR SALE
1/2
71,874 SF


HIGHLIGHTS

  • 201 Multifamily Units Fully Approved
  • 8,721 SF of ground-floor commercial space
  • Unit mix includes: 90 Studio units | 94 One-bedroom units | 17 Two-bedroom units
  • No affordable housing requirements
  • Sewer Capacity Approved and Allocated for all 201 Units
  • Surrounded by new multifamily development driving Downtown Durham’s eastward expansion, with easy access to downtown and employment hubs

OVERVIEW

6 Grace Lane offers a rare, fully entitled multifamily development opportunity in the heart of Downtown Durham. The ±1.65-acre site is site-plan approved for a mixed-use project comprising 201 residential units and 8,721 square feet of ground-floor commercial space. Located within a federally designated Opportunity Zone, the property is well positioned for long-term value creation. Located at the intersection of Liberty Street and Elizabeth Street in Downtown Durham, the property offers immediate access to employment, dining, entertainment, and cultural amenities. Ongoing institutional and life sciences investment continues to drive strong residential demand in this walkable, high-growth submarket.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

6 Grace Lane

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.65 AC

LAND SF

71,874 SF

OFFSITE IMPROVEMENTS

-

ZONING

DD-S2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike GlennonLee & AssociatesMore Info
703-772-2339

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Mike GlennonLee & AssociatesMore Info
703-772-2339

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