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    OFF-MARKET
    Commercial real estate

    1502 Old Oxford Rd, Durham, NC 27704

    11.85 ac lot
    Individually Owned 8-yr Hold
    Property ID
    US53-0959280
    Property summary
    AI-generated overview

    This exceptional 11.85-acre land parcel presents a unique investment opportunity in Durham, North Carolina. Situated at the signalized intersection of Old Oxford and Hebron Roads, this property boasts a favorable, gently sloping topography and is ideally located adjacent to the new Welcome Venture Park. The site is zoned RS-20 & RR, permitting both high-density residential and light industrial development, making it highly versatile. Public water and sewer services are readily available nearby. The property offers convenient access to major transportation arteries, including Highway 70/I-85, with direct access to Old Oxford Road and the planned North Durham Parkway. While a 120-foot wide dedication is required for the potential expansion of the North Durham Parkway, this strategic location ensures significant future growth potential. The asking price for this prime development land is $1,777,500. The property's APN is 177741, and its address is 1502 Old Oxford Rd, Durham, NC 27704. This is a rare chance to acquire a substantial tract of land in a rapidly developing area with excellent infrastructure and access. The property's size and zoning make it suitable for a variety of development projects, promising strong returns for the discerning investor.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 11.85 ac (516,186 SF)
    APN 177741
    UPID US53-0959280
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Walter D Cabrera · 8 yrs held
    Walter D Cabrera
    since 2017
    1 recorded transaction
    2017
    $144,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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