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$1,500,000
SqFt
1.29 Acre Lot
56,192 Sqft Lot
Price Type
Status Active
Property Type Unimproved Land
Year Built
Days on Website 75

Property Map

$1,500,000 – 507 S Alston Avenue, Durham, NC 27703

Street View

Courtesy of m2 realty inc., Melonie Mickle.

Description

The Alston Avenue Assemblage presents a unique commercial land opportunity in the heart of Durham, NC. This offering includes multiple adjacent parcels located at 1200 Mint Street, 603 S Alston Avenue, 601 S Alston Avenue, 509 S Alston Avenue, and 507 S Alston Avenue. With a prime location just 1.4 miles from Downtown Durham, 3 miles from Duke University, and 7.2 miles from Research Triangle Park, this assemblage provides excellent access to some of the region’s key economic and business hubs. Its proximity to major highways, including 147 (Durham Freeway), I85, I40, and I540, ensures strong connectivity to Raleigh, Chapel Hill, and beyond. Currently zoned for commercial use, this property is well-positioned for future development, pending necessary city and county approvals. Its location in a high-growth area surrounded by major employers such as Apple, Vinfast, and Wolfspeed makes it an attractive investment opportunity for developers. The assemblage’s flexible use potential, coupled with Durham’s ongoing economic expansion, offers significant long-term value. Whether for retail, office, or mixed-use development, this property provides investors with a prime opportunity to contribute to Durham’s continued growth. Contact us for more information or to schedule a viewing.

Property Details and Features

Property Access

  • Road Frontage Type: “City Street”, “Freeway”, “Highway”, “See Remarks”, “5 Lane Road”
  • Road Surface Type: “Paved”

Building

  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Cooling

  • Cooling Included

Heating

  • Heating Included

Listing

  • Availability Date: 2024-09-07
  • Days On Market: 43
  • Possible Use: “Commercial”, “Development”, “Highway/Tourist Service”, “Medical/Dental”, “Office”, “Place of Worship”, “Retail”, “See Remarks”

Lot

  • Lot Features: “City Lot”, “Corner Lot”, “See Remarks”
  • Lot Size Acres: 1.29
  • Lot Size Area: 1.29
  • Lot Size Dimensions: 1.29 acre assemblage
  • Lot Size Square Feet: 56192.4
  • Lot Size Units: Acres

Property

  • Property Sub Type: Unimproved Land

Taxes

  • Tax Annual Amount: 185287

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