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Land Assemblage For Future Development
For Sale
$4,200,000

1201 1205 Olive Branch Road, Durham, NC 27703

Land assemblage ideal for future development; sold as-is.

Property SizeContact for details
Days on Market705

Property Features for 1201 1205 Olive Branch Road

General Information

Standard status Active
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $37,450
Listing Agency: Frank Ward, REALTORS
Listed By: Donna Delong · License #210625
Source: Exitrealty
Added: Oct 31, 2024 Changed: Sep 10 Last Checked: Sep 15 at 6:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frank Ward, REALTORS

Investment Insights

Based on property information with market context.

This is an assemblage sale of several parcels, including the adjoining neighbor's property. The sale must include the additional parcel identified by MLS #10060901, with all properties sold and closed together. The assemblage is considered ideal for future development. A sewer easement is in place. The seller's home and improvements on the land are included in the sale and are sold as-is. All sizes of acreage are estimated and approximate, with the final acreage and size to be determined by a future survey.

Key Highlights

  • Ideal for future development
  • Assemblage sale of multiple parcels
  • Includes adjoining neighbor's property (MLS #10060901)

Property Analytics

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Current Use

Land

Suggested Use

Top Pick HVAC Service Auto Repair Shop Real Estate Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 27703, NC

61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Land - Land assemblage ideal for future development; sold as-is.
Where is this land located?
The property is located at 1201 1205 Olive Branch Road Durham, NC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Ideal for future development; Assemblage sale of multiple parcels; Includes adjoining neighbor's property (MLS #10060901)
More about this property
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