2721 Coley Rd Durham, NC 27703
- Commercial real estate
- 68.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2721 Coley Rd
- Lot size
- 68.94 lot acres
- Property type
- Commercial real estate
- APN
- 194900, 194893 & 194898
Description
This exceptional 68.94-acre commercial land parcel presents a unique investment opportunity in Durham County, North Carolina. Located at 2721 Coley Road, Durham, NC 27703, this property boasts a strategic location at the intersection of Coley Road and Kemp Road, offering excellent accessibility and visibility. Currently zoned Rural Residential (RR), the land is poised for significant future development. The City of Durham's anticipated adoption of a new land use plan in December 2022 designates this area for Mixed Use Neighborhood and Mixed Residential Neighborhood development, presenting substantial potential for a variety of commercial and residential projects. The property consists of three parcels, APN numbers 194900, 194893, and 194898, and is situated within the City of Durham's extraterritorial jurisdiction (ETJ). Offered at $5,170,500, or $75,000 per acre, this expansive tract represents a compelling investment in a rapidly growing area of Durham County. The property's size and zoning flexibility make it ideal for a wide range of development possibilities, catering to the increasing demand for both commercial and residential spaces in this desirable location. Don't miss this chance to acquire a significant land holding with exceptional future prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.738897
- Latitude
- 35.951531
