314 Bobs Ln, Durham, NC 27704
This exceptional 10-acre parcel presents a unique opportunity for residential development in Durham, North Carolina. Strategically located at the end of Bobs Lane, just off N. Roxboro Street and Business 501, this property offers convenient access to key transportation routes. The land is situated within the City of Durham's extraterritorial jurisdiction (ETJ) and is zoned Residential Standard 20 (RS-20), permitting a minimum lot size of 20,000 square feet with a minimum lot width of 100 feet. The RS-20 zoning allows for a proposed density of two dwelling units per acre, aligning with the future land use designation of Low-Medium Residential, which projects 4-8 dwelling units per acre. This presents significant potential for a variety of residential projects. Infrastructure is readily available, with sewer access along the stream on the property and public water along Denfield Street. The property comprises three parcels: 313 Bobs Lane (PIN#: 0823-97-86-8393, 2.4 acres), 314 Bobs Lane (PIN#: 0833-07-03-0243, 5.06 acres), and 392 Bobs Lane (PIN#: 0823-97-72-1145, 2.43 acres), totaling approximately 10 acres. This prime location and flexible zoning make this an ideal investment for discerning developers seeking a substantial residential land opportunity in the thriving Durham market. The asking price is $425,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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