4802 Cheek Rd Durham, NC 27704
- Land
- 69.34 lot acres
Current Use by Public Records
- Land
Property Details for 4802 Cheek Rd
- Lot size
- 69.34 lot acres
- Property type
- Land
Description
This exceptional 69.34-acre commercial land parcel presents a compelling investment opportunity in Durham County, North Carolina. Strategically located on Cheek Road, this property boasts convenient access to Interstate 85, placing it within easy reach of major transportation arteries and the vibrant Durham-Raleigh metropolitan area. The property is zoned Rural Residential (RR) under Durham County regulations. Importantly, the county has proposed a future land use designation of Mixed Residential Neighborhood, anticipated for adoption in December 2022, suggesting significant potential for future development. The asking price is $4,507,100, translating to an attractive price per acre of $65,000. The property's proximity to Falls Lake adds to its appeal, offering recreational opportunities and scenic beauty. With its substantial acreage, prime location, and promising future zoning, this land parcel represents a rare chance to acquire a significant holding in a rapidly growing area. The parcel ID is 170507. This is an exceptional opportunity for developers and investors seeking a large-scale project with excellent access and future development potential. The property's size and location make it ideal for a variety of uses, subject to necessary approvals and permits.
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
- -78.774
- Latitude
- 36.0288
