Listing Agency: PHAROS REAL ESTATE, LLC m***@aol.com Show Phone

Listed By: MYRON SMITH

Source: Corcoran

Added: Jan 13, 2025 Changed: Aug 8 Last Checked: Jul 16 at 4:36AM

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Investment Insights

Based on property information with market context.

This vacant industrial land is available for sale. The property is classified as vacant industrial land, but also has residential construction options. It is an empty lot suitable for new construction.

Key Highlights

• Vacant industrial land ready for new construction.
• Zoned for both industrial and residential (R2) construction.
• Empty lot, providing a blank canvas for development.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic HVAC Service Garden Center

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

327

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Industrial land - Vacant industrial land suitable for new construction.

Where is this industrial land located?

The property is located at 506 Bruce Durham, NC.

What is the asking price?

The asking price for this property is $95,000.

What are key features of this property?

This property features: Vacant industrial land ready for new construction.; Zoned for both industrial and residential (R2) construction.; Empty lot, providing a blank canvas for development.