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    2323 Us 70 Hwy Durham, NC 27703

    Sponsored
    For Sale
    $750,000

    Durham, NC: 4.08 Acres, $750,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.08-acre commercial land parcel is ideally situated at 2323 US Highway 70 East in Durham, North Carolina, (APN 164906). Zoned Commercial General (CG), this property offers significant development potential due to its prime location and high visibility. The site boasts strong frontage along the busy US-70 corridor, experiencing approximately 35,000 vehicles per day, ensuring excellent exposure for any commercial venture. Its advantageous position on the north side of RTP (Research Triangle Park), halfway between Raleigh and downtown Durham, provides easy access to a large and diverse workforce and consumer base. Furthermore, the property enjoys a prominent location adjacent to the Brightleaf at the Park master-planned development, a thriving residential community with homes priced from the mid-$200,000s to the high-$500,000s. This proximity to established residential areas guarantees a substantial customer base. The favorable CG zoning allows for a wide range of commercial uses, making this a versatile and attractive investment opportunity. The asking price for this exceptional property is $750,000. Don't miss this chance to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area.

    Property Features for 2323 Us 70 Hwy

    General Information

    Property type
    Land
    Lot Size
    177,725 SF

    HighLights

    • High‑visibility site adjacent to Brightleaf at the Park, a master‑planned community with homes priced from the mid-$200,000s to the high $500,000s, along US‑70 (35,000 VPD).
    • Centrally located on RTP's north side, midway between Raleigh and Durham.
    • Excellent visibility directly across from the 336‑unit Brightleaf Apartments.
    • Favorable general commercial zoning allows for diverse uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.824236
    Latitude
    35.94279

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    FAQs

    What type of property is this?
    Land - Durham, NC: 4.08 Acres, $750,000
    Where is this land located?
    The property is located at 2323 Us 70 Hwy Durham, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High-visibility site adjacent to Brightleaf at the Park, a master-planned community with homes priced from the mid-$200,000s to the high $500,000s, along US-70 (35,000 VPD).; Centrally located on RTP's north side, midway between Raleigh and Durham.; Excellent visibility directly across from the 336-unit Brightleaf Apartments.
    Request Owner's contact information
    2323 Us 70 Hwy Durham, NC 27703
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    Durham, NC 27703
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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
    2323 Us 70 Hwy Durham, NC 27703
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