Development Opportunity • Durham, North Carolina
$950,000
Garrett Road & Old Chapel Hill Road, Durham, NC 27707
For Sale
Development
Multifamily
Active
Last Updated: 07/30/2021
Multifamily
Development Type
5.24 acres
Lot Area
Details:
Development Type: Multifamily
Lot Area: 5.24 acres
Zoning: R-20
Description:
Property consists of 9 parcels. Highest and Best Use: 10 single family homes or rezoned for multi-family.Parcel:14001-5328 Garrett/Parcel:140011-5330 Garrett/Parcel140010-5332 Garrett/Parcel:140000 -5334 Garrett/Parcel140035-5404 Garrett/Parcel:140036-5402 Garrett/Parcel:140037-4271 Cavalier Ave/Parcel:139999 -4240 Cavalier Ave./Parcel:139995-4317 Jean Ave.
Zoned R-20 – 10 Home sites. There are 3 homes on the property – 1 rental ($700 month)(term-month to month)
Excellent location:Convenient to Duke University (5+/- miles) and University of North Carolina(8+/- miles) Research Triangle Park(RTP) and Raleigh Durham Airport(RDU) (18+/- miles)
Documents:
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Offering Memorandum
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Location
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