Situated in the desirable Cedar Hills subdivision of Durham, this 1.16-acre property presents a rare opportunity for buyers, investors, or builders seeking land with strong redevelopment potential. Combining size, location, and accessibility, this parcel offers flexibility in a market where larger lots are increasingly difficult to find.
Property Overview
- Lot Size: 1.16 acres (approx. dimensions: 342 x 200 x 163 x 283 ft)
- Zoning: R-8, suitable for various residential uses (buyers should verify with local authorities regarding multifamily or redevelopment potential)
- Existing Home: Built in 1982, single-story ranch-style, 1,444 sq. ft., 4 bedrooms, 2 full bathrooms
- Condition: Major fixer-upper; potential teardown or full renovation
The wooded lot provides privacy and natural character, making it ideal for a new custom home, a small-scale residential development, or investment holding. Existing public water and sewer connections streamline development logistics, and the irregular lot dimensions offer creative site planning opportunities.
Location Highlights
- Downtown Durham: Short drive to dining, entertainment, cultural attractions, and revitalized urban amenities
- Transportation: Convenient access to major highways and Raleigh-Durham International Airport (RDU)
- Recreation: Proximity to parks and green spaces, combining urban convenience with outdoor leisure
Durham’s growing economy, proximity to research, education, and technology hubs, and rising demand for residential development make this property especially attractive for investors or builders seeking long-term returns.
Financial Snapshot
- Tax Assessed Value: $304,411
- Annual Taxes: Approximately $3,017
- Listing Type: Entry-only; buyers are encouraged to review details carefully and conduct thorough due diligence
Investment and Development Potential
For investors or builders, the property provides a blank canvas for a variety of projects:
- New single-family construction
- Multifamily redevelopment (subject to zoning verification)
- Long-term land holding for appreciation
The wooded lot offers opportunities to incorporate mature trees into site design, enhancing both aesthetics and privacy.
Key Considerations
- Existing structure is a major fixer-upper; teardown or extensive renovation may be required
- Buyers should perform inspections, review zoning, and consult with professionals for development feasibility
- Lot size and location make it increasingly rare in Durham’s expanding market
Listed on Zillow