Durham Residential Development
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2908 Page Rd, Morrisville, NC 27560
29.28± acres in Durham, NC, designated for residential development.
Property SizeContact for details
Lot Size29.28 Acres
Days on Market159
Property Features for 2908 Page Rd
General Information
Standard status
Active
Lot size
29.28 Acres
Property subtype
Land
Listing Agency:
Steele Commercial
Listed By:
Tyler Mills · License #NC 315803
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Jul 16 at 9:36AM
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 Steele Commercial
Investment Insights
Based on property information with market context.
This residential development opportunity consists of four assembled parcels totaling 29.28± acres, located along Smallwood Drive and Page Road in Durham, NC. The property is currently zoned IL & OI by-right but designated Future Land Use Residential under Durham’s planning framework. The Future Land Use breakdown includes RX-3 (9.23± acres), which supports approximately 70 units per acre and is ideal for garden-style apartments, 3-story walk-up multifamily units, live/work units, mixed-use residential with neighborhood retail, and leasing office/coffee/small service retail. The R-D portion (20.29± acres) supports approximately 8 units per acre and is ideal for townhomes, duplex/triplex/quads, BTR cottages, small lot single-family homes, and flex residential formats. The site is eligible for the HUD 2026 30% basis boost, significantly enhancing LIHTC project economics. Infrastructure advantages include two adjacent sewer access points, water nearby, and heavy power capacity. The property offers strong highway access and is positioned in one of the most accessible submarkets in the Triangle, with direct connectivity to I-40, 540, Hwy 70, and RDU Airport. It is located minutes from Brier Creek Commons retail and major employment centers. The buffered stream has been removed, resulting in minimal wetland impact on the site. This is a strategic residential play aligned with municipal growth direction while retaining by-right industrial optionality.
Key Highlights
- 29.28± acre residential development opportunity in Durham, NC.
- Designated Future Land Use Residential with potential for high‑density (RX‑3) and medium‑density (R‑D) development.
- Eligible for HUD 2026 30% basis boost, enhancing LIHTC project economics.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 27560, NC
38,959
Population
17,764
Households
2.2
Avg Household Size
33
Median Age
73%
College-Educated
96%
High-School Grad
27.4 sq mi
ZIP Area
1,422
Density / Sq Mi
$117,340
Median Household Income
$70,040
Median Earnings
$1,760
Median Rent
$466,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 29.28± acres in Durham, NC, designated for residential development.
Where is this residential land & home lot located?
The property is located at 2908 Page Rd Morrisville, NC.
What are key features of this property?
This property features: 29.28± acre residential development opportunity in Durham, NC.; Designated Future Land Use Residential with potential for high‑density (RX‑3) and medium‑density (R‑D) development.; Eligible for HUD 2026 30% basis boost, enhancing LIHTC project economics.
