Approved Townhouse Development
For Sale
$500,000
5202 Garrett, Durham, NC 27707
Approved site for building six townhouses, with a site plan available for review in southwest Durham.
Property SizeContact for details
Days on Market45
Property Features for 5202 Garrett
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$2,565
Amenities
Wooded
Listing Agency:
REAL ESTATE BY DESIGN
(919) 381-9456
Listed By:
LISA ELLIS · License #185688
Source:
Corcoran
Added: Jun 26
Changed: Aug 8
Last Checked: Jul 3 at 2:36PM
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 REAL ESTATE BY DESIGN
Investment Insights
Based on property information with market context.
This land is offered as an approved townhouse development project for builders looking to move forward with less upfront planning. The property has city approval to construct six townhouses, and a site plan is available for review.
The site is positioned in southwest Durham and is described as convenient to Duke and UNC, along with grocery stores and shopping. The location is presented as well-situated for access to major day-to-day needs and employment and education destinations.
For a developer or builder, the key benefit here is that the project approval work has already been completed with the city of Durham, reducing the early-stage effort typically required to get a townhouse plan in place. Prospective purchasers and partners can review the site plan to understand the approved layout for the six-unit townhouse plan before proceeding with next steps.
The site is positioned in southwest Durham and is described as convenient to Duke and UNC, along with grocery stores and shopping. The location is presented as well-situated for access to major day-to-day needs and employment and education destinations.
For a developer or builder, the key benefit here is that the project approval work has already been completed with the city of Durham, reducing the early-stage effort typically required to get a townhouse plan in place. Prospective purchasers and partners can review the site plan to understand the approved layout for the six-unit townhouse plan before proceeding with next steps.
Key Highlights
- Approved site plan for building 6 townhouses in southwest Durham
- City of Durham approval completed for the proposed townhouse project
- Site plan is available for review
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved site for building six townhouses, with a site plan available for review in southwest Durham.
Where is this residential land & home lot located?
The property is located at 5202 Garrett Durham, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approved site plan for building 6 townhouses in southwest Durham; City of Durham approval completed for the proposed townhouse project; Site plan is available for review
