Property Overview<\/h3>\n\n- Lot Size:<\/strong> 1.16 acres (approx. dimensions: 342 x 200 x 163 x 283 ft)<\/li>\n
- Zoning:<\/strong> R-8, suitable for various residential uses (buyers should verify with local authorities regarding multifamily or redevelopment potential)<\/li>\n
- Existing Home:<\/strong> Built in 1982, single-story ranch-style, 1,444 sq. ft., 4 bedrooms, 2 full bathrooms<\/li>\n
- Condition:<\/strong> Major fixer-upper; potential teardown or full renovation<\/li>\n<\/ul>\n
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<\/strong> streamline development logistics, and the irregular lot dimensions offer creative site planning opportunities.<\/p>\nLocation Highlights<\/h3>\n\n- Downtown Durham:<\/strong> Short drive to dining, entertainment, cultural attractions, and revitalized urban amenities<\/li>\n
- Transportation:<\/strong> Convenient access to major highways and Raleigh-Durham International Airport (RDU)<\/strong><\/li>\n
- Recreation:<\/strong> Proximity to parks and green spaces, combining urban convenience with outdoor leisure<\/li>\n<\/ul>\n
Durham\u2019s 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.<\/p>\n
Financial Snapshot<\/h3>\n\n- Tax Assessed Value:<\/strong> $304,411<\/li>\n
- Annual Taxes:<\/strong> Approximately $3,017<\/li>\n
- Listing Type:<\/strong> Entry-only; buyers are encouraged to review details carefully and conduct thorough due diligence<\/li>\n<\/ul>\n
Investment and Development Potential<\/h3>\n
For investors or builders, the property provides a blank canvas<\/strong> for a variety of projects:<\/p>\n\n- New single-family construction<\/strong><\/li>\n
- Multifamily redevelopment<\/strong> (subject to zoning verification)<\/li>\n
- Long-term land holding for appreciation<\/li>\n<\/ul>\n
The wooded lot offers opportunities to incorporate mature trees into site design, enhancing both aesthetics and privacy.<\/p>\n
Key Considerations<\/h3>\n\n- Existing structure is a major fixer-upper<\/strong>; teardown or extensive renovation may be required<\/li>\n
- Buyers should perform inspections, review zoning, and consult with professionals for development feasibility<\/li>\n
- Lot size and location make it increasingly rare in Durham\u2019s expanding market<\/li>\n<\/ul>\n
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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<\/strong> streamline development logistics, and the irregular lot dimensions offer creative site planning opportunities.<\/p>\n Durham\u2019s 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.<\/p>\n For investors or builders, the property provides a blank canvas<\/strong> for a variety of projects:<\/p>\n The wooded lot offers opportunities to incorporate mature trees into site design, enhancing both aesthetics and privacy.<\/p>\nLocation Highlights<\/h3>\n
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Financial Snapshot<\/h3>\n
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Investment and Development Potential<\/h3>\n
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Key Considerations<\/h3>\n
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