1321 Carthage St Durham, NC 27703

Property Details for 1321 Carthage St

Property type

Land

Description

This exceptional 4.055-acre parcel of land presents a unique development opportunity in Durham, North Carolina. Located at 1321 Carthage Street, this property boasts an advantageous RS-8 zoning designation, permitting a maximum density of five dwelling units per acre. The current owner has already conceptually designed a five-lot subdivision plan, offering flexibility for various development scenarios. This plan could accommodate the construction of five duplexes (resulting in ten total units) or five detached single-family residences. The property's strategic location offers convenient access to key amenities and infrastructure. It's situated approximately 305 feet from Holloway Street, providing easy access to I-885. Commuting to Downtown Durham is also a breeze, with a short 9-minute drive (3.2 miles) to the city center. The proximity to I-885 and the signalized intersection at Holloway Street ensures excellent connectivity and accessibility for future residents. This property is zoned for residential use and presents a compelling investment opportunity for developers seeking to capitalize on Durham's thriving real estate market. The existing conceptual plan provides a solid foundation for immediate development, minimizing upfront planning costs and expediting the project timeline. This is a rare chance to acquire a sizable residential lot in a desirable Durham location. The property's size and zoning make it an attractive prospect for both large-scale and smaller-scale residential projects.