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Residential Lot Near Downtown Durham

416 Lakeland, Durham, NC 27701

For Sale
$41,500

Buildable lot near downtown, NCCU, and Duke University.

Property SizeContact for details
Lot Size0.12 Acres
Days on Market293

Property Features for 416 Lakeland

General Information

Standard status Active
Lot size 0.12 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $1,194
Listing Agency: RIGHT TIME REALTY
Listed By: KIMBERLY V WILLIAMS · License #197394
Source: Corcoran
Added: Jan 21 Changed: Oct 25 Last Checked: Nov 8 at 5:24AM

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 RIGHT TIME REALTY

Rey
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Investment Insights

Based on property information with market context.

This residentially zoned lot is suitable for building and is located close to Downtown Durham, North Carolina Central University (NCCU), and Duke University. The property offers convenient access to Interstate 85 and Highway 147. Situated in an area experiencing strong growth and redevelopment, this lot is ideal for investors looking to build.

Key Highlights

  • Residentially zoned buildable lot in a high‑growth area.
  • Close proximity to Downtown Durham, NCCU, and Duke.
  • Easy access to I‑85 and Hwy 147.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Bakery (Bike/Boat/Book/etc) Store

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

668
Businesses Nearby

Demographics for 27701, NC

25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Buildable lot near downtown, NCCU, and Duke University.
Where is this residential land & home lot located?
The property is located at 416 Lakeland Durham, NC.
What is the asking price?
The asking price for this property is $41,500.
What are key features of this property?
This property features: Residentially zoned buildable lot in a high‑growth area.; Close proximity to Downtown Durham, NCCU, and Duke.; Easy access to I‑85 and Hwy 147.
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