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5708 Crescent Dr
Chapel Hill, NC 27517
Crescent 54 Development Site · Terrain À vendre
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5,30 AC
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Faits saillants de l'investissement
- Rare High-Barrier Opportunity: 5.3 acres in an infill Chapel Hill/Durham location
- Flexible Development Options: RC-D zoning supports a max density of 40 units per acre (212 units) and the potential to incorporate a four-story design
- Market Fundamentals: Limited new deliveries through 2026 will stabilize vacancies, while forecasted rent growth exceeds 2% at delivery
- Prime Regional Access: Immediate proximity to UNC-Chapel Hill, Duke University, downtown Durham, and RTP
- Accelerated Timeline to Close:?Ready-to-execute site plan streamlines the path to closing for efficient project delivery
- Exceptional Scale & Position: Opportunity to acquire a sizable site in a market with limited large-scale development options
Faits sur la propriété Sous contrat
1 Lot disponible
Lot
| Taille du lot | 5,30 AC |
| Taille du lot | 5,30 AC |
5.3-Acre Residential Development Site in Chapel Hill
Description
Located at the intersection of Highway 54 and I-40, Crescent 54 presents a rare opportunity to acquire 5.3 acres in Chapel Hill, North Carolina – one of the Triangle’s most coveted, supply constrained, and high barrier submarkets. The site is ideally positioned for market rate, LIHTC, or senior housing multifamily development and offers exceptional regional connectivity to UNC-Chapel Hill, Duke University, Research Triangle Park, and Downtown Durham. This strategic location places top-tier employers, education, healthcare, and amenities within easy reach, supporting long-term renter demand and outsized investment durability-rate Chapel Hill. The property features Residential Compact Development (RC-D) zoning with a site plan ready for submission that includes 107 residential units (90 garden and 17 townhomes). Developers have the flexibility to proceed with the current plan for a more rapid closing and efficient delivery, or pursue an enhanced plan for up to four stories to increase unit count (212 max units) and upside potential. Limited multifamily construction starts in the region and strong projected rent growth make this a compelling investment well suited to capture long-term demand.
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 549 500 $ CAD | |
| Évaluation du terrain | 2 059 559 $ CAD | Évaluation totale | 2 609 058 $ CAD |
Impôts fonciers
