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Double Building Lot in Town
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Pending

3724 Old Chapel Hill Rd, Durham, NC 27707

A spacious, level double lot with covenants limiting home design and size, with water and sewer nearby.

Property SizeContact for details
Lot Size1.23 Acres
Days on Market132

Property Features for 3724 Old Chapel Hill Rd

General Information

Standard status Pending
Lot size 1.23 Acres
Property subtype Land
Listing Agency: ML Sullivan Development Corp
Listed By: Michael Sullivan · License #NC 199065
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Apr 12 at 3:03AM

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 ML Sullivan Development Corp

Investment Insights

Based on property information with market context.

Hope Valley Modernist presents a double building lot that’s spacious and level, totaling 1.228 acres. The property is part of a small neighborhood of 3 lots, and covenants restrict both home design and home size. Owners envision a modernist enclave of similar homes, with water and sewer listed as near the site.

The lot is located steps from dining at Shannon Plaza. The public remarks also describe the surrounding area as walkable to Hope Valley, with shopping and amenities close by, including movie theatres, doctors, entertainment, and movies.

This is an in-town opportunity to build on a larger, level parcel within a covenant-controlled setting.

Key Highlights

  • Double building lot totaling 1.228 acres, level and suitable for in‑town construction
  • Convenient walkable access to dining at Shannon Plaza, plus nearby shopping and amenities
  • Hope Valley Modernist covenants restrict home design and home size

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery

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

533
Businesses Nearby

Demographics for 27707, NC

49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - A spacious, level double lot with covenants limiting home design and size, with water and sewer nearby.
Where is this residential land & home lot located?
The property is located at 3724 Old Chapel Hill Rd Durham, NC.
What are key features of this property?
This property features: Double building lot totaling 1.228 acres, level and suitable for in‑town construction; Convenient walkable access to dining at Shannon Plaza, plus nearby shopping and amenities; Hope Valley Modernist covenants restrict home design and home size
(919) 493-7633 Call to check price and availability
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