4517 Grandale Drive

Durham NC 27713

2390 sq. ft.

179467.2 sq. ft.

Single-Family

Currently for sale - view listing

Overview

An exceedingly rare 4 acre lot in a great South Durham location with significant development potential, for single family homesites, townhome, or even 3 story mixed use under the proposed LDC and the suggested RX-3 zoning. Under the existing Rural Residential zoning, 4 lots could be created. According to Planning Department Staff, under the current UDO townhome/multifamily development is an option with rezoning. With the LDC, the development potential skyrockets even further. Under such a rezoning, nearby precedent neighborhoods Like Weldon Downs would suggest 25-30 or high-end townhomes with green spaces. Not quite ready to take on such a project yourself? This could be an exceptional land-banking investment, one which you also live on and enjoy for just a few years or 5-10+. Durham's expansion in SoDu is evident all around, and the proximity to Duke, UNC, RDU, RTP, and the planned Childrens Hospital will only become more valuable with time. In the meanwhile Expanding/improving the existing farmhouse, storage barn, and horse facilities is one option, creating a larger estate. Under any option, this is an incredible opportunity for a savvy buyer. Seller is able to be patient during a rezoning/site plan approval, assuming appropriately attractive terms, including hard money down. Note there is no real estate sign on the property. Please do not enter the property without an appointment.

Features

3 bedrooms

3 bathrooms

2390 sq. ft. floor area

179467.2 sq. ft. lot size

Single-Family

Property history for 4517 Grandale Drive

2014

Rented

Undisclosed

01 Jul 2014 by Property Management of NC

2014

Rented

Undisclosed

01 Apr 2014 by Property Management of NC

Happy sellers in Durham

We have insufficient information to provide an overview of customer satisfaction for Durham. Viewing the agent profiles, reviews and sales for Durham can provide insights for this location.