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4348 S Alston Ave 7.8 Acres of Commercial Land Offered at $823,593 CAD in Durham, NC 27713
INVESTMENT HIGHLIGHTS
- Site is adjacent to Alston Oaks, a rezoned ±12.93-acre residential development allowing for 170 units
- Majority of the property lies in the Special Flood Hazard Area (Zone AE)
- Utilities available at the frontage and rear (water and sewer)
- Close proximity to RTP, RDU International Airport, The Streets at Southpoint, downtown Durham, and more
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $823,593 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 7.80 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | OI - Office Institutional (OI) | ||
| Price | $823,593 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.80 AC |
| No. Stories | 1 |
| Zoning | OI - Office Institutional (OI) |
1 LOT AVAILABLE
Lot
| Price | $823,593 CAD | Lot Size | 7.80 AC |
| Price Per AC | $105,588.82 CAD |
| Price | $823,593 CAD |
| Price Per AC | $105,588.82 CAD |
| Lot Size | 7.80 AC |
±7.8-acre land parcel in southeast Durham. Situated in a rapidly growing corridor, the property is located in close proximity to major transportation routes on the edge of RTP and is adjacent to Alston Oaks, a 170-unit residential development.
DESCRIPTION
SVN | REA is pleased to present this ±7.8-acre land parcel in southeast Durham on the edge of Research Triangle Park (RTP). Situated in a rapidly growing corridor, the property sits in close proximity to major transportation routes, including NC-55 (Apex Hwy) and Interstate 40. The site is located within the floodplain and impacted by riparian buffers. Redevelopment would require significant infill, as existing grades (260–272 ft) fall below the 100-year future floodplain (277.5 ft) and Durham’s required finished floor elevation (279.5 ft). Any new construction development would likely require rezoning or a variance, neither of which is guaranteed. A Conditional Letter of Map Revision (CLOMR) and no-rise certification would also be required, a process that typically takes 9-12+ months.
Presented by
4348 S Alston Ave
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