1.16 Acres Lot

1.16-Acre Development Opportunity in Durham with Prime Location
Situated in the highly desirable area of Durham, this 1.16-acre property presents a rare and compelling opportunity for investors, builders, and buyers seeking land with strong redevelopment potential. Located within the established Cedar Hills subdivision, this parcel combines size, accessibility, and location—three key factors that continue to drive demand in the growing Durham market.

This property is being offered as a major fixer-upper and is best suited for those prepared to undertake a full renovation or consider a complete teardown. For the right buyer, however, the value lies not only in the existing structure but in the land itself and the possibilities it presents. Large parcels like this, especially in well-connected areas, are becoming increasingly difficult to find.
The lot spans approximately 1.16 acres and features a wooded setting that provides both privacy and natural character. With dimensions of roughly 342 x 200 x 163 x 283 feet, the property offers flexibility in terms of layout and potential future use. The size alone makes it stand out in a market where smaller lots are far more common.
Zoned R-8, the property opens the door to a variety of residential possibilities, though buyers are strongly encouraged to verify with local authorities regarding specific use cases, including the potential for multifamily development. As Durham continues to expand, zoning and land use have become increasingly important factors, and this property offers a starting point for those looking to explore development opportunities.
The existing home, built in 1982, is a single-story ranch-style structure with approximately 1,444 square feet of living space. It includes four bedrooms and two full bathrooms, along with a basic layout that reflects its original design. Heating is provided by a forced air system, and central air conditioning is already in place, which are positive elements from a systems perspective.
However, the condition of the home should be considered carefully. It is described as a major fixer-upper, and in many cases, buyers may find that a teardown and rebuild is the most practical path forward. For those with construction experience or development plans, this can be an advantage, as it allows for a fresh start and full customization.
The exterior is constructed with masonite siding and a shingle roof, typical of homes from that era. While these materials can be maintained or replaced, the overall condition of the structure will ultimately determine the best course of action. Buyers should conduct thorough inspections and consult with contractors to evaluate renovation versus redevelopment options.
One of the strongest aspects of this property is its location. Durham has experienced significant growth in recent years, driven by its proximity to research, technology, and education hubs. The property offers convenient access to major highways, making it easy to commute to surrounding areas or navigate within the city.
Downtown Durham is just a short drive away, providing access to a vibrant mix of dining, entertainment, and cultural attractions. The area has become known for its revitalized urban core, historic architecture, and growing business community. This proximity adds both lifestyle appeal and investment value.
In addition to downtown access, the property is located near parks and recreational areas, offering opportunities for outdoor activities and relaxation. This balance between urban convenience and natural surroundings is one of the reasons Durham continues to attract new residents and investors.
Another major advantage is the proximity to Raleigh-Durham International Airport (RDU). Being close to a major airport enhances connectivity for both personal travel and business needs, making the location even more desirable.

Utilities are already in place, with public water and sewer connections available. This is a significant benefit for development, as it reduces the complexity and cost associated with infrastructure setup. Properties with existing utility access are often more attractive to builders and investors because they streamline the development process.
From a financial perspective, the property has a tax assessed value of $304,411 and annual taxes of approximately $3,017. While these figures reflect the value of the land and existing structure, the true potential lies in how the property is utilized moving forward.
The listing is classified as an entry-only listing, meaning that buyers should review agent remarks carefully or contact the listing agent directly for additional details. This approach often indicates that the seller is focused on providing access to the property while leaving due diligence and planning to the buyer.
For investors, this property represents an opportunity to capitalize on Durham’s ongoing growth. The combination of location, lot size, and zoning creates a scenario where redevelopment could yield significant returns. Whether the plan involves building a new single-family home, exploring multifamily options, or holding the land for future appreciation, the fundamentals are strong.
For builders, the lot provides a blank canvas. The wooded setting can be selectively cleared to create a design that maximizes both privacy and curb appeal. The irregular dimensions allow for creative site planning, which can be particularly valuable in a competitive housing market.
For individual buyers, the property offers a chance to create a custom home in a well-connected area. While the existing structure may not meet current expectations, the land provides the space and flexibility to design a residence that aligns with modern preferences.
It is important to approach this property with a clear understanding of its condition and potential. Conducting inspections, reviewing zoning regulations, and consulting with professionals will help ensure that your plans are feasible and aligned with local requirements.
The demand for land in Durham continues to rise, driven by population growth, economic development, and limited availability of larger parcels. Properties like this—offering over an acre in a desirable location—are becoming increasingly rare.
The wooded nature of the lot also adds to its appeal. Mature trees can provide shade, privacy, and a sense of established character. Incorporating these natural elements into future development can enhance both the aesthetic and functional aspects of the property.
In terms of lifestyle, the location offers the best of both worlds. You can enjoy the convenience of being close to city amenities while still having space and privacy that is difficult to find in more densely developed areas. This combination is particularly attractive to buyers who want flexibility and long-term value.
In conclusion, this 1.16-acre property in Durham, North Carolina, stands out as a high-potential opportunity for those ready to take on a project. Whether viewed as a major renovation, a teardown, or a development site, it offers the key elements needed for success: location, size, and accessibility.
As Durham continues to grow and evolve, opportunities like this are becoming less common. For buyers who understand the value of land and are prepared to invest in its future, this property represents a chance to secure a foothold in one of North Carolina’s most dynamic markets.

Listed on Zillow