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    Downtown Hi-Rise Redevelopment Site
    Updated: Apr 11
    Downtown Hi-Rise Redevelopment Site

    216 Rigsbee Ave, Durham, NC 27701

    Contact for pricing
    Downtown Durham redevelopment site with Historic Preservation Committee approval for demolition of a non‑contributing historical building
    Approved plan for an 11‑story hi‑rise redevelopment on the site
    Demolition approval enables redevelopment for higher density in the Downtown submarket
    Additional redevelopment paths mentioned: adaptive reuse for an office or multifamily conversion
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Durham, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Apartment Building with Two Structures
    Apartment Building with Two Structures

    210 Purefoy Road, Unit A&B AND 16, Chapel Hill, NC 27514

    $950,000
    4,320 sqft 1.79 AC lot

    As-is multifamily with two structures totaling two and six units, built in 1937.

    View details
    Multifamily Property in Raleigh, NC
    Multifamily Property in Raleigh, NC

    4700 Westgrove St, Raleigh, NC 27606

    Contact for pricing

    204-unit multifamily property with development opportunity in Raleigh, North Carolina.

    View details
    Development Opportunity with Rental Income
    Development Opportunity with Rental Income

    517 Buck Jones, Raleigh, NC 27606

    $3,678,900

    3186 sq. ft. property with ASR approval for development.

    View details
    Fully Leased Condo Portfolio
    Fully Leased Condo Portfolio

    500 Shepherd Ln, Chapel Hill, NC 27514

    Contact for pricing

    Condo portfolio of eight units, fully leased, featuring studio and one-bedroom configurations.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $650,000
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Off-Market Properties in Durham, NC

    Consider similar Off-Market properties in Durham, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1219 Fern St
    GARDEN APT, COURT APT (5+ UNITS)

    1219 Fern St, Durham, NC 27701-3562

    Value Estimation by Request
    3,000 sqft 0.46 AC lot
    View details
    1023 Berkeley St
    GARDEN APT, COURT APT (5+ UNITS)

    1023 Berkeley St, Durham, NC 27705-4261

    Value Estimation by Request
    3,200 sqft 0.14 AC lot
    View details
    6 Sargent Pl
    GARDEN APT, COURT APT (5+ UNITS)

    6 Sargent Pl, Durham, NC 27707-4478

    Value Estimation by Request
    3,000 sqft 0.29 AC lot
    View details
    700 Morreene Rd, Unit B
    GARDEN APT, COURT APT (5+ UNITS)

    700 Morreene Rd, Durham, NC 27705-2933

    Unit B
    $1,305,000
    Estimated value
    15,198 sqft 12.79 AC lot
    View details
    1008 Burke St
    GARDEN APT, COURT APT (5+ UNITS)

    1008 Burke St, Durham, NC 27707-1006

    Value Estimation by Request
    2,100 sqft 0.21 AC lot
    View details
    509 Mangum St
    HIGH-RISE APARTMENTS

    509 Mangum St, Durham, NC 27701-4922

    Value Estimation by Request
    11,520 sqft 1.18 AC lot
    View details
    1733 Morehead Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1733 Morehead Ave, Durham, NC 27707-1122

    Value Estimation by Request
    3,492 sqft 0.33 AC lot
    View details
    1117 Gurley St
    GARDEN APT, COURT APT (5+ UNITS)

    1117 Gurley St, Durham, NC 27701-2500

    $2,280,000
    Estimated value
    6,800 sqft 0.62 AC lot
    View details
    205 Maynard Ave
    GARDEN APT, COURT APT (5+ UNITS)

    205 Maynard Ave, Durham, NC 27704-3261

    $665,000
    Estimated value
    6,400 sqft 0.30 AC lot
    View details
    2309 Nation Ave
    GARDEN APT, COURT APT (5+ UNITS)

    2309 Nation Ave, Durham, NC 27707-2012

    Value Estimation by Request
    15,520 sqft 8.97 AC lot
    View details
    2607 Lexington St
    GARDEN APT, COURT APT (5+ UNITS)

    2607 Lexington St, Durham, NC 27707-1954

    Value Estimation by Request
    12,000 sqft 1.46 AC lot
    View details
    3019 Mt Moriah Rd
    GARDEN APT, COURT APT (5+ UNITS)

    3019 Mt Moriah Rd, Durham, NC 27707-9023

    Value Estimation by Request
    6,720 sqft 32.22 AC lot
    View details
    704 Holloway St
    GARDEN APT, COURT APT (5+ UNITS)

    704 Holloway St, Durham, NC 27701-3479

    Value Estimation by Request
    2,800 sqft 0.38 AC lot
    View details
    910 Calvin St
    GARDEN APT, COURT APT (5+ UNITS)

    910 Calvin St, Durham, NC 27701-3868

    $565,000
    Estimated value
    3,000 sqft 0.27 AC lot
    View details
    1339 Marne Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1339 Marne Ave, Durham, NC 27704-8058

    $575,000
    Estimated value
    4,200 sqft 1.68 AC lot
    View details
    217 Hood St
    GARDEN APT, COURT APT (5+ UNITS)

    217 Hood St, Durham, NC 27701-3497

    $625,000
    Estimated value
    4,720 sqft 0.10 AC lot
    View details
    300 Swift Ave
    HIGH-RISE APARTMENTS

    300 Swift Ave, Durham, NC 27705-4829

    $8,940,000
    Estimated value
    125,552 sqft 3.23 AC lot
    View details
    2314 Quincy St
    GARDEN APT, COURT APT (5+ UNITS)

    2314 Quincy St, Durham, NC 27703-3155

    $2,000,000
    Estimated value
    3,888 sqft 0.27 AC lot
    View details
    2312 Quincy St
    GARDEN APT, COURT APT (5+ UNITS)

    2312 Quincy St, Durham, NC 27703-3154

    $2,000,000
    Estimated value
    3,888 sqft 0.36 AC lot
    View details
    2313 Quincy St
    GARDEN APT, COURT APT (5+ UNITS)

    2313 Quincy St, Durham, NC 27703-3153

    $2,000,000
    Estimated value
    3,888 sqft 0.35 AC lot
    View details
    538 Grn St
    GARDEN APT, COURT APT (5+ UNITS)

    538 Grn St, Durham, NC 27701-1610

    $650,000
    Estimated value
    4,256 sqft 0.33 AC lot
    View details
    514 Pleasant Dr
    GARDEN APT, COURT APT (5+ UNITS)

    514 Pleasant Dr, Durham, NC 27703-5161

    $1,000,000
    Estimated value
    1,524 sqft 11.97 AC lot
    View details
    600 Discovery Way
    GARDEN APT, COURT APT (5+ UNITS)

    600 Discovery Way, Durham, NC 27703-8146

    Value Estimation by Request
    6,318 sqft 28.11 AC lot
    View details

    Durham, NC Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Durham, NC on our real estate platform.

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    Demographics Overview

    Population 314K
    Population Growth (5Y) +7.7%
    Median Household Income $79,426
    College Educated 39.8%

    Taxes & Financing

    Tax Rate (average for all types) 1.31%
    Property Tax per SF $16.56 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Durham County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Durham fall within the 50,000 to 100,000 square foot range.

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