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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.


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