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Land For Sale • 0.51 AC
The site’s location within the Urban Development Tier eliminates parking minimums and supports higher-density residential uses. With proximity to downtown Durham, major employment centers, and transit corridors, the property is ideally situated for infill development. The feasibility study recommends rezoning the Lee Street parcel to RU-M to unify zoning across the site, enhancing development flexibility. Due diligence items such as stormwater management, utility access, and right-of-way improvements have been preliminarily addressed, with no known riparian buffers or floodplain issues. The site is well-positioned for developers seeking to deliver attainable housing in a high-demand market.
| 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. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 5 min | - | 1.6 mi | |
| Airport | Drive | Walk | Distance |
| Raleigh-Durham International | 22 min | - | 13.3 mi |
Brad Gregory
Pickett Sprouse Commercial Real Estate
Brad Gregory
Pickett Sprouse Commercial Real Estate
