4801 Leesville Rd Durham, NC 27703

Property Details for 4801 Leesville Rd

Lot size

30.11 lot acres

Property type

Commercial real estate

Description

This exceptional ±30.11-acre development site presents a unique opportunity to build a substantial residential community in Durham, North Carolina. Located at 4801 Leesville Road, this property boasts a prime location within the Raleigh-Durham Metropolitan Statistical Area (MSA), strategically positioned between Raleigh and Durham. The site's proximity to major transportation arteries ensures easy access for future residents, while its close proximity to amenities like Brier Creek Commons enhances the quality of life. The current zoning is RS-M, however, a rezoning is required for the proposed development. This land offers the potential to create approximately 389 residential units, capitalizing on the strong multifamily fundamentals and high demand for housing in this rapidly expanding market. The area benefits from significant employment opportunities, fueled by the robust economic base of the Research Triangle Park region. This development site represents a compelling investment opportunity with the potential for substantial long-term appreciation, given the ongoing growth and evolution of Raleigh and Durham into a premier residential and employment hub. The property's size and location make it an ideal candidate for a mixed-use residential community catering to the needs of a growing population with rising incomes and high rental demand. This is a rare chance to contribute to the ongoing development of one of North Carolina's most dynamic markets. The property is situated in Durham County, NC, zip code 27703.