For Sale
$18,000,000

3823 Durham-Chapel Hl BlvdDurham, NC 27707

Prime 5.62-acre site, ideal for redevelopment.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 5.62-acre land parcel, located at 3823 Durham-Chapel Hill Blvd in Durham, NC (zip code 27707), presents a compelling multifamily redevelopment opportunity. The property boasts a highly visible corner location at the signalized intersection of US 15-501 Hwy Bus and Shannon Road, ensuring excellent accessibility and exposure to a substantial daily traffic volume of 20,000 vehicles. The site is zoned CG (D), General Commercial, and designated as a Transit Opportunity Area, reflecting its strategic location within a thriving community. Existing structures on the site comprise a 18,176 square foot building and a 36,485 square foot building, offering potential for adaptive reuse or demolition. Proximity to the new University Hill mixed-use development and a wealth of retail and restaurant options further enhances the property's desirability. The Durham County tax parcel number is 121641. This is a rare chance to acquire a significant land holding in a rapidly growing area with exceptional development potential. The asking price for this remarkable opportunity is $18,000,000.

Highlights

  • 5.62-acre land parcel in Durham, NC.
  • Two existing buildings totaling 54,661 square feet.
  • High-traffic corner location (20,000 VPD) on US 15-501 Hwy Bus and Shannon Road.
  • General Commercial CG (D) zoning.
  • Designated Transit Opportunity Area.
  • Durham County tax parcel number 121641.

Property Details for 3823 Durham-Chapel Hl Blvd

Property type
Land
Lot Size (sq. ft)
244,807 SF

Location Insight

City
Durham
County
Durham
State
North Carolina
Latitude
35.969205771319
Longitude
-78.953556860185
3823 Durham-Chapel Hl Blvd, Durham, North Carolina

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3823 Durham-Chapel Hl Blvd
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