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    1801- 1807 Us-70 Durham, NC 27703

    Sponsored
    For Sale
    $8,000,000

    39 acres, US-70 East, ideal development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 39-acre commercial land parcel in Durham County, North Carolina, presents a compelling investment opportunity. Located at 1801-1807 US-70 East, this property boasts approximately 1700 feet of road frontage. Its strategic location offers convenient access to key areas: a 10-minute drive to Research Triangle Park and Downtown Durham, and a 15-minute drive to Raleigh-Durham International Airport. The site benefits from existing infrastructure, including Durham City water access along US-70 and a nearby sewer manhole, streamlining development plans. Zoning is diverse, encompassing CG Commercial along US-70, and RS-20 and RR zoning for the remaining acreage. This versatility allows for a range of development options, including commercial, mixed-use, or multifamily residential projects. The property's proximity to the successful Brightleaf at the Park residential community further enhances its appeal. APN numbers are 164953, 164956, 164955, and 164954. The asking price is $8,000,000. This is a rare opportunity to acquire a large, well-located tract of land with significant development potential in a thriving North Carolina market.

    Property Features for 1801- 1807 Us-70

    General Information

    Property type
    Land
    Lot Size
    1,698,840 SF

    HighLights

    • 1700± feet of road frontage.
    • 10‑minute drive to Research Triangle Park (RTP) and Downtown Durham.
    • 15‑minute drive to Raleigh‑Durham International Airport (RDU).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.835986
    Latitude
    35.9487522

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    FAQs

    What type of property is this?
    Land - 39 acres, US-70 East, ideal development
    Where is this land located?
    The property is located at 1801- 1807 Us-70 Durham, NC.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 1700± feet of road frontage.; 10-minute drive to Research Triangle Park (RTP) and Downtown Durham.; 15-minute drive to Raleigh-Durham International Airport (RDU).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1801- 1807 Us-70 Durham, NC 27703
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