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 1. For Sale
 2. Land
 3. NC
 4. Durham
 5. 2.25 Acre Development Site for Sale in Durham, NC
    


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Gallery 3
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2.25 ACRE DEVELOPMENT SITE FOR SALE IN DURHAM, NC

Land
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LISTING CONTACTS

 * Jordan Gorjian Pro
   License: US
   Phone Number:  Sign Up  or  Log In  to see phone number
   View my profile
   


ACTIVE

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when
submitting a non-binding offer.

Learn more


SCHEDULE A TOUR

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Address 


201 E CARVER ST, DURHAM, NC 27704

Show on Map
Date Added
Jun 7, 2023
Days on Market
76 days
Time Since Last Update
54 days


DETAILS

Property TypeLand
SubtypeCommercial
ZoningOI
Lot Size (acres).5 - 2.5


MARKETING DESCRIPTION

Introducing an exceptional investment opportunity in Durham, NC - an expansive
5.6-acre commercial development site located at 280 E Carver St, Durham, NC.
This prime piece of land offers approximately 2.25-2.50 usable acres, making it
the perfect canvas for a wide range of commercial ventures. Situated in a highly
dense area, this property boasts exceptional visibility and frontage. It is
surrounded by a thriving retail landscape, with popular retailers such as Lowe's
Home Improvement, Chick-fil-A, Panera Bread, CVS, Walgreens, Starbucks, Staples,
Waffle House, Cook Out, Captain D's, and more just moments away. With a daily
traffic count of over 12,898 vehicles, this location offers incredible exposure
and easy accessibility. The demographics within a 1, 3, and 5-mile radius are
highly impressive, with a population of 156,814, 61,504 households, and a median
household income of $82,218. These statistics reflect a thriving and affluent
community, providing a strong customer base for any business. Whether you're
looking to lease, sell, or engage in a joint venture, this commercial
development site offers boundless potential. Don't miss out on the opportunity
to make your mark in this highly sought-after area. Contact our team today for
more information on this prime investment opportunity.



Per the current density, residential developers can build up to 61 units and
obtain a minor special use permit for a maximum height of 55 feet on this 2.25
acre usable land.



Permitted Residential Uses:

 

·         Townhouses

·         Multiplex

·         Apartments

·         Upper Story Residential

·         Independent Living Facility

·         Co-Living



Permitted Non-Residential Uses:

 

·         Apiculture

·         Community Service Use (shelter, food bank, etc.)

·         Day Care Home

·         Elementary, Middle School, High School

·         University or College

·         Vocational, trade or business schools

·         All governmental facilities

·         All medical facilities

·         Rail and bus terminals

·         All places of worship

·         Diet house

·         Art, Music, Dance studio or gallery

·         All office uses

·         R&D

 

Permitted Non-Residential Uses (Subject to Limitations):

 

·         Commercial Crop Production

·         Forestry

·         Congregate Living Facility

·         Group Home

·         Auditoriums

·         Clubs and Lodges

·         Museums

·         Day Care Facility

·         All parks and open areas

·         Cemeteries, mausoleums, columbaria, memorial gardens              

·         Major utilities    

·         Minor utilities

·         Wireless Communication Facility

·         Unipole Wireless Communication Facility

·         Wireless Communication Facility, Freestanding Concealed

·         Conference center, retreat house, event venue, banquet hall

·         Stadium, arena

·         Bed and Breakfast

·         Hotel, motel, and extended stay residences

·         All commercial parking

·         Veterinary clinic, animal hospital, kennel


VALUATION CALCULATOR

Purchase Price
Net Operating Income
Down Payment




Interest Rate
Term (years)
Loan Amount

$--
Annual Debt Service

$--
$-- /mo
Annual Cash Flow

$--
$-- /mo

VALUATION METRICS


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--
DSCR

--
Cap Rate

--
ROI



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DEMOGRAPHIC INSIGHTS


INTELLIGENCE
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1 mile

3 miles

5 miles



Household Income
Median Income
$
Estimate
0%
Growth Rate


Age Demographics
Median Age
Estimate
0%
Growth Rate


Number of Employees
Top Employment Categories


Housing Occupancy Ratio


Renter to Homeowner Ratio



LOCATION INSIGHTS




CLIMATE FACTORS


Flood Risk

Fire Risk



Flood Risk ⓘ


--------------------------------------------------------------------------------

Depth of Flood Water (ft.)
Based on a 1% chance that any flooding will occur this year.
 * Less than 0.5 ft
 * 0-1 ft
 * 1-2 ft
 * 2-3 ft
 * More than 3 ft
   


Broker Information
Broker Name
Jordan Gorjian
Broker License
US
Brokerage Name
Gorjian Acquistions
Brokeage Address
60 Cuttermill Road, Great Neck, United States 11021
*All information is deemed reliable but not guaranteed. Buyer to verify all
information.
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The Loan Amount is your Purchase Price minus the Down Payment.
Debt Service is the cash required to pay back the principal and interest of
outstanding debt for a particular period of time.
Your Cash Flow is the Net Operating Income (NOI) minus the Debt Service.
Debt Service Coverage Ratio (DSCR) is a measure of the cash flow available to
pay current debt obligations. It is calculated by dividing the Annual Debt
Service from the NOI
Capitalization Rate (Cap Rate) is calculated by dividing a property's Net
Operating Income by the current market value or your anticipated Purchase Price.
Your Return on Investment or cash-on-cash return measures the amount of cash
flow relative to the amount of cash invested in a property investment and is
calculated by dividing the Down Payment from the Annual Cash Flow
Provided by Risk Factor