3823 Durham-Chapel Hl Blvd Durham, NC 27707

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.