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    OFF-MARKET
    Commercial real estate

    314 Bobs Ln, Durham, NC 27704

    10 ac lot
    Property ID
    US53-1319891
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 10 ac (435,600 SF)
    UPID US53-1319891
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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