Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity Zone Unlock rare potential with two adjoining parcels at 430 Sowell Street (MLS #10127865) and 429 Lakeland Street, Zoning RU-5(2), nestled in the heart of Durham's most rapidly transforming neighborhood. Together, they present a prime redevelopment opportunity within… Read More a Federal Opportunity Zone, offering unbeatable positioning, flexibility, and growth potential. These adjoining properties, covering a corner-to-corner section, of a city block, lie in Durham's Urban Tier, qualifying for the Small Lot Option under city zoning, ideal for infill construction, small-lot single-family homes, townhouses, or a creative clustered site plan. With existing curb cuts, utilities at the street, and New Construction homes already completed next door and just 300 yards away, the comparables and momentum are strong. Verify options with Durham Planning Dept. Strategically located on the R. Kelly Bryant Bridge Trail, directly across from Burton Magnet Elementary School, and minutes from Downtown Durham, NCCU, and major redevelopment corridors—this area embodies the next wave of growth and community revitalization. Endless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans. This pairing, 430 Sowell (MLS #10127865) + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediate upside in one of Durham's most promising growth pockets. Read Less
Courtesy of Brokers United Realty, Carol Small, 919-572-9456.
Listing Snapshot
Days Online
20
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
906
Lot Size
0.12 Acres
Year Built
1910
MLS Number
10127869
30 Days Snapshot Of 27701
$379k
-76%
(avg) sold price
3
-75%
homes sold
357
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "City Street"
Appliances & Equipment
Appliances: "Range", "Refrigerator"
Building
Building Area Total: 906, Building Area Units: Square Feet, Construction Materials: "Plaster", Living Area Units: Square Feet, Living Area: 906, Other Structures: "Shed(s)", Structure Type: "Site Built", Year Built: 1910
Cooling
Cooling: "Other", Cooling Included
Exterior Features
Patio And Porch Features: "Front Porch", "Screened"
Fence
Fencing: "Back Yard", "Fenced"
Floors
Flooring: "Carpet", "Vinyl"
Heating
Heating: "Forced Air", Heating Included
Home Owner's Association
Association Amenities: "None"
Lot
Lot Features: "Back Yard", "Cleared", "Corner Lot", "Landscaped", Lot Size Acres: 0.12, Lot Size Area: 5227.2, Lot Size Square Feet: 5227.2, Lot Size Units: Square Feet, Parcel Number: 119056
Parking
Parking Features: Driveway, On Street
Pool
Pool Features: "None"
Property
Property Sub Type: Single Family Residence, View: "Neighborhood", "Other", "See Remarks", Zoning: RU-5(2)
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Tax Annual Amount: 803.67
Utilities
Utilities: "Cable Available", "Electricity Connected", "Natural Gas Available", "Water Connected", Water Source: "Public"
Windows
Window Features: "Screens"
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Information Not Guaranteed. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Listings last updated on , .
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