CROASDAILE ADJACENT, INCOME PRODUCING REDEVELOPMENT SITE
DEATON is pleased to present for sale, as the exclusive broker for the seller, a 1.15 acre site in Durham, across from Croasdaile Country Club. With a 1-mile median household income above $110,000 and new-construction homes in Croasdaile ranging from $1m to $3m, this affluent location is prime for residential redevelopment. The site is located within a five-minute drive of Downtown Durham and Duke University in addition to multiple retail, dining, and entertainment options. Additionally, the site offers immediate access to I-85, connecting residents with ease to the greater Raleigh-Durham-Chapel Hill and Research Triangle Park employment centers. The offering consists of three parcels at 1513, 1515, and 1519 Cole Mill Road and includes three rental homes that are leased for a combined $2,950 per month.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 1513 | 2 BD/1.5 BA | 1,200 SF | $1,150 |
| 1515 | 3 BD/1 BA | 1,285 SF | $900 |
| 1515 1/2 | 2 BD /1 BA | 770 SF | $900 |
PROPERTY INFORMATION
| PIN | 0813-32-2075, 0813-32-2131, 0813-32-1000 |
| Tax Value | $537,694 COMBINED |
| Taxes | $6,010.45 COMBINED |
| Lot Size | 1.15 ACRES COMBINED |
| Year Built | 1948 (1513), 1955 (1515), 1964 (1515 1/2) |
| Exterior | BRICK, WOOD, VINYL |
| Floors | HARDWOOD, LVP, VINYL, TILE |
| Foundation | CRAWL, BASEMENT |
| HVAC | CENTRAL AIR (1515 & 1515 1/2) / WINDOW A/C, BASEBOARD HEAT (1513) |
| Utilities | PAID BY TENANTS |
| Legal Description | PROP-COLE E J/LT#21-22 PL:00006A-000083 |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, WASHER/DRYER CONNECTIONS |
| Zoning | RS-20 |
Agent Information Thomas T Furlow
Location Map
CROASDAILE ADJACENT, INCOME PRODUCING REDEVELOPMENT SITE