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6 Grace Ln - 6 Grace Lane 1.65 Acres of Commercial Land in Durham, NC 27701
Investment Highlights
- 201 Multifamily Units Fully Approved
- Unit mix includes: 90 Studio units | 94 One-bedroom units | 17 Two-bedroom units
- Sewer Capacity Approved and Allocated for all 201 Units
- 8,721 SF of ground-floor commercial space
- No affordable housing requirements
- Surrounded by new multifamily development driving Downtown Durham’s eastward expansion, with easy access to downtown and employment hubs
Executive Summary
6 Grace Lane offers a rare, fully entitled multifamily development opportunity in the heart of Downtown Durham. The ±1.65-acre site is site-plan approved for a mixed-use project comprising 201 residential units and 8,721 square feet of ground-floor commercial space. Located within a federally designated Opportunity Zone, the property is well positioned for long-term value creation.
Located at the intersection of Liberty Street and Elizabeth Street in Downtown Durham, the property offers immediate access to employment, dining, entertainment, and cultural amenities. Ongoing institutional and life sciences investment continues to drive strong residential demand in this walkable, high-growth submarket.
Located at the intersection of Liberty Street and Elizabeth Street in Downtown Durham, the property offers immediate access to employment, dining, entertainment, and cultural amenities. Ongoing institutional and life sciences investment continues to drive strong residential demand in this walkable, high-growth submarket.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.65 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | DD-S2 - (Downtown Durham – Subdistrict 2) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.65 AC |
| Opportunity Zone |
Yes |
| Zoning | DD-S2 - (Downtown Durham – Subdistrict 2) |
1 Lot Available
Lot
| Lot Size | 1.65 AC |
| Lot Size | 1.65 AC |
A rare, fully entitled multifamily development opportunity in the heart of Downtown Durham. The ±1.65-acre site is site-plan approved for a mixed-use project comprising 201 residential units and 8,721 SF of ground-floor commercial space.
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Walk Score®
Very Walkable (79)
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6 Grace Ln - 6 Grace Lane
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