Investors and developers! Own a lot in the heart of the Triangle! This rare opportunity is represented by a spacious 0.692 acres + 1631 sqft home in a mixed-use neighborhood in NW Morrisville/S Durham, just outside of the 540 beltline and a short drive from many corporate campuses. Keep it as a rental and develop it later, or leverage its full potential now. It's up to you. The property is surrounded by residential, commercial, townhome, and apartment properties. This is an investment with endless possibilities. Zoned RR (Rural Residential) but WILL BE REZONED to CSD-S1 in early January, 2025 allowing for apartments and offices and more (reference project Page/Miami Design District). The existing home is a simple and sturdy block site-built that needs some cosmetic repair. It features 3 bedrooms, 1 bonus room, 1 bath, and a 2-car garage, all on a slab foundation. The acreage is mostly cleared surrounded by trees rendering it relatively secluded overall with the backyard nearly private. Note: The owner of 4511 also owns 4503. Buy one or buy both. Bring an offer! Sold as is.
Mls | 10029940 |
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Listing Type | For Sale |
Style | Detachd |
Subtype | Resale |
Status | Active |
Year | 1964 |
Days On Site | 207 |
Listing Provided By | Navigate Realty | Todd Andrew Warner |
Beds | 3 |
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Baths | 1 Total |
Sq Feet | 1,631 |
Garage | 2 |
Storys | 1 |
Zoning | RR |
Acreage | 0.69 |
Property View | Yes |
State | NC |
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County | Durham |
City | Morrisville |
Zip Code | 27560 |
Area | Durham |
Community Name | Not in a Subdivision |
School District | Durham - Hillside |
Elementary School | Durham - Bethesda |
Middle School | Durham - Lowes Grove |
High School | Durham - Hillside |
Listing VS Median (in Not in a Subdivision) | |
Price: $525,000 low | high Med: $325,000 SqFt: 1,631 low | high Med: 1,275 $ / SqFt: $322 low | high Med: $257 On Site: 207 low | high Med: 42.5 |