For Sale
$5,170,500

2721 Coley RdDurham, NC 27703

±69 Acres, RR Zoning, $75k/Acre

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 68.94-acre commercial land parcel presents a unique investment opportunity in Durham County, North Carolina. Located at 2721 Coley Road, Durham, NC 27703, this property boasts a strategic location at the intersection of Coley Road and Kemp Road, offering excellent accessibility and visibility. Currently zoned Rural Residential (RR), the land is poised for significant future development. The City of Durham's anticipated adoption of a new land use plan in December 2022 designates this area for Mixed Use Neighborhood and Mixed Residential Neighborhood development, presenting substantial potential for a variety of commercial and residential projects. The property consists of three parcels, APN numbers 194900, 194893, and 194898, and is situated within the City of Durham's extraterritorial jurisdiction (ETJ). Offered at $5,170,500, or $75,000 per acre, this expansive tract represents a compelling investment in a rapidly growing area of Durham County. The property's size and zoning flexibility make it ideal for a wide range of development possibilities, catering to the increasing demand for both commercial and residential spaces in this desirable location. Don't miss this chance to acquire a significant land holding with exceptional future prospects.

Highlights

  • $5,170,500 asking price
  • 68.94-acre land parcel in Durham, NC
  • RR zoning
  • $75,000/acre land value
  • APN: 194900, 194893 & 194898

Property Details for 2721 Coley Rd

Property type
Land
Lot Size (sq. ft)
3,003,026 SF

Location Insight

City
Durham
County
Durham
State
North Carolina
Latitude
35.951531
Longitude
-78.738897
2721 Coley Rd, Durham, North Carolina

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2721 Coley Rd
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