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1001-1005 Broad St 0.46 Acres of Commercial Land Offered at $1,821,056 CAD in Durham, NC 27705
Investment Highlights
- Situated in highly desirable Old West Durham, the property offers exceptional walkability to numerous amenities.
- Multiple avenues for redevelopment.
Executive Summary
This ±0.464-acre assemblage comprises three parcels at the corner of Broad and W. Knox Street, offering multiple avenues for redevelopment.
Buyers may choose to reposition the existing structures, build new construction on each lot, or pursue a full-scale redevelopment to maximize density. The owner has conducted a conceptual test-fit for a mixed use office-residential development. A townhouse project has also been studied.
Zoned OI, the site permits office and residential uses but not retail (see zoning chart). Situated in highly desirable Old West Durham, the property offers exceptional walkability to numerous amenities, including Harris Teeter, Whole Foods, a variety of restaurants along Broad and Ninth Streets, Duke University’s East Campus, and more.
Buyers may choose to reposition the existing structures, build new construction on each lot, or pursue a full-scale redevelopment to maximize density. The owner has conducted a conceptual test-fit for a mixed use office-residential development. A townhouse project has also been studied.
Zoned OI, the site permits office and residential uses but not retail (see zoning chart). Situated in highly desirable Old West Durham, the property offers exceptional walkability to numerous amenities, including Harris Teeter, Whole Foods, a variety of restaurants along Broad and Ninth Streets, Duke University’s East Campus, and more.
Property Facts
| Price | $1,821,056 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.46 AC |
| Zoning | OI - Office Institutional | ||
| Price | $1,821,056 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.46 AC |
| Zoning | OI - Office Institutional |
1 Lot Available
Lot
| Price | $1,821,056 CAD | Lot Size | 0.46 AC |
| Price Per AC | $3,958,816.31 CAD |
| Price | $1,821,056 CAD |
| Price Per AC | $3,958,816.31 CAD |
| Lot Size | 0.46 AC |
This ±0.464-acre assemblage comprises three parcels at the corner of Broad and W.Knox Street, offering multiple avenues for redevelopment.
Description
This ±0.464-acre assemblage comprises three parcels at the corner of Broad and W. Knox Street, offering multiple avenues for redevelopment.
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Numbers | Improvements Assessment | $440,579 CAD | |
| Land Assessment | $607,573 CAD | Total Assessment | $1,048,152 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$607,573 CAD
Improvements Assessment
$440,579 CAD
Total Assessment
$1,048,152 CAD
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1001-1005 Broad St
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