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2414 NC-55 - Highway 55 Assemblage
4.73 Acres of Commercial Land in Durham, NC 27707
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 4.73 AC |
| Property Type | Land | Cross Streets | Riddle Road |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 4.73 AC |
| Cross Streets | Riddle Road |
1 Lot Available
Lot
| Lot Size | 4.73 AC |
| Lot Size | 4.73 AC |
Property is well located for a unique opportunity to develop a mix of uses such as neighborhood commercial, office, retail, residential, and multifamily uses.
Description
The subject property consists of 4.73 acres of land among 3 parcels that is currently improved with a 736-sf office building, a convenience store, a self-service car wash, a 1,760-sf warehouse as well as a 2,160-sf laundromat. The Property is well located for a unique opportunity to develop a mix of uses such as neighborhood commercial, office, retail, residential, and multifamily uses. Existing properties along NC Highway 55 are generally residential or multifamily, with commercial uses mixed along NC Highway 55. Newly developed industrial developments, including the expansion of the Eli Lilly RTP Campus, are located conveniently near the subject property. Other notable properties in the area include Lowe’s Home Improvement, Publix Supermarket, and Encore at the Park Luxury Apartments.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $235,898 | |
| Land Assessment | $551,458 | Total Assessment | $787,356 |
PROPERTY TAXES
zoning
| Zoning Code | CN (Commercial Neighborhood. Future land use will allow 6 to 12 dwelling units per acre.) |
| CN (Commercial Neighborhood. Future land use will allow 6 to 12 dwelling units per acre.) |
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2414 NC-55 - Highway 55 Assemblage
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