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5520 Old Chapel Hill - Old Chapel Hill Road
11.7 Acres of Residential Land in Durham, NC 27707
Investment Highlights
- The site sits in the North 15-501 Corridor Sub Area A.
- Rare opportunity to develop in the highly sought after and high barrier-to-entry Chapel Hill – Durham market
Executive Summary
Property Facts In Escrow
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 11.70 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 11.70 AC |
1 Lot Available
Lot
| Lot Size | 11.70 AC |
| Lot Size | 11.70 AC |
Description
The Old Chapel Hill Rd Assemblage site is currently zoned R-1 in Chapel Hill’s Zoning jurisdiction with the future land-use plan calling for mixed-use, multifamily residential or commercial/ office. The Property's highest and best use is in maximizing the use of multifamily as the rents in the market can support various apartment building types including garden, high-density surface parking and builds utilizing structured parking.
zoning
| Zoning Code | R-1 |
| R-1 |
Presented by
5520 Old Chapel Hill - Old Chapel Hill Road
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