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LAND - Durham, NC
This +/-7.8-acre land parcel in southeast Durham on the edge of Research Triangle Park (RTP). Situated in a rapidly growing corridor, the property sits in close proximity to major transportation routes, including NC-55 (Apex Hwy) and Interstate 40. The site is located within the floodplain and impacted by riparian buffers. Redevelopment would require significant infill, as existing grades (260-272 ft) fall below the 100-year future floodplain (277.5 ft) and Durham's required finished floor elevation (279.5 ft). Any new construction development would likely require rezoning or a variance, neither of which is guaranteed. A Conditional Letter of Map Revision (CLOMR) and no-rise certification would also be required, a process that typically takes 9-12+ months. Due to significant floodplain impacts, the site is most suitable for low-intensity or alternative uses. Potential options include con...
This +/-7.8-acre land parcel in southeast Durham on the edge of Research Triangle Park (RTP). Situated in a rapidly growing corridor, the property sits in close proximity to major transportation routes, including NC-55 (Apex Hwy) and Interstate 40. The site is located within the floodplain and impacted by riparian buffers. Redevelopment would require significant infill, as existing grades (260-272 ft) fall below the 100-year future floodplain (277.5 ft) and Durham's required finished floor elevation (279.5 ft). Any new construction development would likely require rezoning or a variance, neither of which is guaranteed. A Conditional Letter of Map Revision (CLOMR) and no-rise certification would also be required, a process that typically takes 9-12+ months. Due to significant floodplain impacts, the site is most suitable for low-intensity or alternative uses. Potential options include conservation, land banking, laydown or fleet storage, agricultural operations, wetland mitigation, or even a private single-family estate with ample buffers. THE EXISTING HOUSE IS UNINHABITABLE, SITS DIRECTLY ON THE GROUND, AND SHOULD BE CONSIDERED A TEARDOWN WITH NO PRACTICAL PATH TO A CERTIFICATE OF OCCUPANCY.
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