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7315-7323 Farrington Rd 3.72 Acres of Residential Land in Chapel Hill, NC 27517

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Investment Highlights

  • Prime residential development site offering excellent proximity to Chapel Hill, Downtown Durham, and RTP.
  • Proposed future zoning enabling flexible residential and community-oriented development options.
  • Located near major employment centers, retail destinations, and universities including UNC and Duke.
  • Convenient access to I-40 and Hwy 54 supporting efficient regional connectivity for future residents.
  • Surrounded by strong demographic fundamentals including high incomes and steady population growth.
  • Positioned within an active development node featuring multiple planned mixed-use and residential projects.

Executive Summary

This opportunity consists of ±3.7 acres across three parcels positioned along Farrington Road and Oak Leaf Drive in South Durham. The property offers excellent access to major transportation corridors, with I-40 and Highway 54 approximately 1.5 miles away. Surrounded by established and emerging residential communities, the site sits within a rapidly expanding growth corridor connecting Chapel Hill, Durham, and Research Triangle Park. Current zoning is RR, with a proposed transition to RB, allowing greater flexibility for future residential development. Developer interest is strengthened by strong demographics, high educational attainment, and significant job growth throughout the Triangle region. Pricing is available directly through the listing broker.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 3.72 AC
Cross Streets Curlew Dr
Zoning RR - Rural Residential

1 Lot Available

Lot

Lot Size 3.72 AC

±3.7 acres across three parcels positioned along Farrington Road and Oak Leaf Drive in South Durham. The property offers excellent access to major transportation corridors, with I-40 and Highway 54 approximately 1.5 miles away.

Description

This ±3.7-acre land assemblage along Farrington Road and Oak Leaf Drive represents a rare opportunity to acquire residential development acreage within one of the Triangle’s most dynamic and connected corridors. Located in South Durham, the property is uniquely positioned at the confluence of key regional destinations, offering short commutes to Chapel Hill, Downtown Durham, Research Triangle Park, and the area's major educational institutions. With I-40 and Highway 54 only 1.5 miles away, future residents will benefit from seamless mobility throughout the region. The site’s current RR zoning supports lower-density residential uses, while the proposed RB zoning opens the door for more diverse residential development formats alongside select community-serving uses. This added entitlement flexibility offers developers numerous pathways to align with market demand in an area shaped by steady population growth, well-educated households, and strong economic drivers. Demographic indicators within two to five miles demonstrate high median and average incomes, reinforcing market depth and long-term value. Surrounding the property is an active pipeline of residential and mixed-use projects, including Aura 751, Avalon Southpoint, Woodland Acres, Massey Chapel Road townhomes, and 751 South. Retail, dining, and lifestyle amenities are easily accessible, with major centers such as The Streets at Southpoint, South Square, Eastgate Crossing, and Renaissance Center located just minutes away. Proximity to UNC Chapel Hill, Duke University, UNC Health, and significant corporate expansions throughout the Triangle further elevate this location as a compelling residential destination. Combining strategic access, zoning potential, a strong demographic profile, and adjacency to high-value amenities, the Farrington Road assemblage offers developers a well-positioned site within one of North Carolina’s most sought-after residential markets.

Property Taxes

Property Taxes

Parcel Number
143247
Land Assessment
$266,005 CAD
Improvements Assessment
$0 CAD
Total Assessment
$266,005 CAD
  • Listing ID: 39332035

  • Date on Market: 2026-02-05

  • Last Updated:

  • Address: 7315-7323 Farrington Rd, Chapel Hill, NC 27517

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