Three Infill Lots in Durham – Priced Well Below Market

The property is being sold at a steep discount because a road is required for a building permit. The road is on the map and can be constructed by-right. Located in a quiet, safe residential neighborhood in one of the fastest-growing cities in the Southeast (10.16% population growth since 2020). This is a fantastic land banking opportunity or you can build the road now.

Lot 1:
797 Colonial Heights Dr
APN: 0833-83-5459
0.71 acres

Lot 2:
789 Colonial Heights Dr.
APN: 0833-83-5328
0.54 acres

Lot 3:
721 Colonial Heights Dr.
APN: 0833-83-5226
0.55 acres

Buy all three lots for tax value, only $53,700!
*PROPERTY HIGHLIGHTS*
Zoning: RS-20
Septic or Sewer: Septic
City Water or Well: Well
Single Family Homes Permitted: Yes
Mobile Homes Permitted: No
HOA: None

COMPS:
Nearby lots of 0.16–0.24 acres are selling for $61,000-$65,000:
• 712 Old Oxford Rd., Lot 55B — 7,405 sq ft — $61,000 (Sold 02/12/26)
• 708 Old Oxford Rd., Lot 54 — 7,405 sq ft — $61,000 (Sold 02/12/26)
• 713 Old Oxford Rd., Lot 11-13 — 10,454 sq ft — $65,000 (Sold 02/10/26)

YOUR OPTIONS:
1. Combine the lots into one and build a shorter road
2. Great landbanking opportunity! Hold until Durham builds the road for you and then sell at a profit
3. Build the full road and use all three lots.
Whichever you choose, you’re getting lots that are at 33% of market value.
THERE ARE NO REPRESENTATIONS OR WARRANTIES BY SELLER OF ANY KIND, EXPRESS OR IMPLIED, regarding the property, or regarding the nature, value, source, suitability, condition, authenticity, fitness, merchantability, or any other aspect or characteristic of the property. Seller is a licensed real estate broker in NC.
*Buyer to verify zoning, development requirements, and permitted uses with the County of Durham.*