3332 Alabama Ave - Alabama Avenue-Guess Road-Durham Assemblage
5.17 Acres of Residential Land Offered at $1,600,000 in Durham, NC 27705
EXECUTIVE SUMMARY
Infill assemblage consisting of 6 parcels, 2 detached homes and 4 empty lots
totaling approximately 5.17 acres. Rare development site within 5 miles of
Downtown Durham. Ideal for Townhome development from the existing 6 lot
configuration to 20+ building sites. This infill site is well located and there have been
several successful new construction infill projects within the neighborhood.
Property Highlights:
- Flexible Infill Development Opportunity
- Low available inventory within submarket, with strong upward demand
- Within 3 miles of Duke and 5 miles of Downtown Durham
- Numerous development options with current zoning tier
totaling approximately 5.17 acres. Rare development site within 5 miles of
Downtown Durham. Ideal for Townhome development from the existing 6 lot
configuration to 20+ building sites. This infill site is well located and there have been
several successful new construction infill projects within the neighborhood.
Property Highlights:
- Flexible Infill Development Opportunity
- Low available inventory within submarket, with strong upward demand
- Within 3 miles of Duke and 5 miles of Downtown Durham
- Numerous development options with current zoning tier
PROPERTY FACTS
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 5.17 AC |
1 LOT AVAILABLE
Lot
| Price | $1,600,000 |
| Price Per AC | $309,477.76 |
| Lot Size | 5.17 AC |
Assemblage consisting of 6 parcels, 2 detached homes and 4 empty lots totaling approximately 5.17 Acres. Rare development site within 5 miles of Downtown Durham.
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