Land

Mangum Farms

1100 Julian Daniel Road Stem, North Carolina United States 27581

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Confidentiality Agreement Teaser

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Attributes

Property Description

±56.72 ACRE RESIDENTIAL DEVELOPMENT OPPORTUNITY | STEM, NC

Investment Highlights

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), is pleased to
offer for sale a ±56.72-acre development opportunity outside of Durham, NC. The site
has recently been approved for 140 single family homes with allocated water & sewer
- the entitlements will remain in place for the next five years. Mangum Farms Phase 1,
an adjacent development sharing three access points with the site, included 80 homes
over 40 acres and has sold out with homes priced in the $200k-$300k range. The site
is very accessible by I-85 (38,500 VPD - 5 minutes away) providing an easy commute
to Downtown Durham (20 minutes) and Research Triangle Park (30 minutes). This
ideal location combines an affordable cost of living with phenomenal access to the
amenities of the greater Durham market.

Last Updated Date: 28 Aug 2020

Sarah Godwin

Director, Capital Markets

License details

NC-270966 SC-108916

+61283171118

Hunter Barron

Senior Director, Capital Markets

License details

NC-259804 SC-96951

+61283171118

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Last Updated Date: 28 Aug 2020