Property profile

2323 Us 70th Hwy Durham, NC 27703

OFF-MARKET
Commercial land
Property ID
US53-0909773
4.14 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.14 ac (180,338 SF)
Zoning code CG(D)
APN 164906
UPID US53-0909773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2323 Us 70th Hwy Durham, NC 27703-9321
Durham metro Census 1808 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
$4.6M
2022
Price N/A
2006
$450,000

Zoning & alternative use

CG(D) · Durham, NC
Zoning description

The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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