Downtown Durham Multifamily Development
For Sale
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6 Grace Ln, Durham, NC 27701
Entitled mixed-use site with 201 residential units and commercial space.
Property Size8,721 SF
Lot Size1.65 Acres
Days on Market193
Property Features for 6 Grace Ln
General Information
Standard status
Active
Size
8,721 SF
Lot size
1.65 Acres
Property subtype
Land
Zoning
DD-S2
Listing Agency:
Lee & Associates - Raleigh Durham
(703) 772-2339
Listed By:
Mike Glennon · License #NC 343217
Source:
Crexi
Added: Feb 9
Changed: Aug 14
Last Checked: Aug 19 at 11:49AM
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 Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
The property at 6 Grace Lane presents a multifamily development opportunity in Downtown Durham. The approximately 1.65-acre site has site-plan approval for a mixed-use project. The plans include 201 residential units and 8,721 square feet of ground-floor commercial space. The property is located within a federally designated Opportunity Zone. Situated at the intersection of Liberty Street and Elizabeth Street, the property provides access to employment, dining, entertainment, and cultural amenities. Ongoing institutional and life sciences investment is driving residential demand in this walkable submarket.
Key Highlights
- Rare, fully entitled multifamily development opportunity.
- Site‑plan approved for a mixed‑use project comprising 201 residential units and 8,721 square feet of ground‑floor commercial space.
- ±1.65‑acre site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Entitled mixed-use site with 201 residential units and commercial space.
Where is this commercial land located?
The property is located at 6 Grace Ln Durham, NC.
What are key features of this property?
This property features: Rare, fully entitled multifamily development opportunity.; Site‑plan approved for a mixed‑use project comprising 201 residential units and 8,721 square feet of ground‑floor commercial space.; ±1.65‑acre site.
