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$1,500,000
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Property Description
The Alston Avenue Assemblage presents a unique commercial land opportunity in the heart of Durham, NC. This offering includes multiple adjacent parcels located at 1200 Mint Street, 603 S Alston Avenue, 601 S Alston Avenue, 509 S Alston Avenue, and 507 S Alston Avenue. With a prime location just 1.4 miles from Downtown Durham, 3 miles from Duke University, and 7.2 miles from Research Triangle Park, this assemblage provides excellent access to some of the region's key economic and business hubs. Its proximity to major highways, including 147 (Durham Freeway), I85, I40, and I540, ensures strong connectivity to Raleigh, Chapel Hill, and beyond. Currently zoned for commercial use, this property is well-positioned for future development, pending necessary city and county approvals. Its location in a high-growth area surrounded by major employers such as Apple, Vinfast, and Wolfspeed makes it an attractive investment opportunity for developers. The assemblage's flexible use potential, coupled with Durham's ongoing economic expansion, offers significant long-term value. Whether for retail, office, or mixed-use development, this property provides investors with a prime opportunity to contribute to Durham's continued growth. Contact us for more information or to schedule a viewing.
Full Property Details
Full Property Details for 507 S Alston Ave
General
- Price: $1,500,000
- Taxes: $185,287
- Status: Active
- Type: Commercial Lots
- Source: 2218
- MLS ID: 10051308
- Updated: 10/21/2024
- Added to Site: 532 day(s) ago
Location
- County: Durham
- Driving Directions: From RDU take 40 West towards Durham, take exit 279B onto NC-147. Exit 9 onto Durham Freeway. Take Exit 2 onto NC-55. Turn Left onto S Alston Avenue. Destination on the Left.
- City Limits: Yes
Heating & Cooling
- Air Conditioning: Yes
Lot Features
- Lot Size (Acres): 1.29
- Lot Size (Sq. Ft.): 56,192.4
- Lot Dimensions: 1.29 acre assemblage
- Frontage: City Street, Freeway, Highway, See Remarks, 5 Lane Road
- Street/Road Desc.: Paved
- Lot Features: City Lot, Corner Lot, See Remarks
- Best Use: Commercial, Development, Highway/Tourist Service, Med
Financial Considerations
- Price Per Acre: $1,162,790.7
- Tax Amount: $185,287
Disclosures and Reports
- Special Conditions: Standard
- Lot Number: Multiple
Listed by M2 Realty Inc., Melonie Mickle (919) 524-3733
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Schools
Schools serving 507 S Alston Ave
School District:Durham Public Schools
| Name | Grades | Distance |
|---|---|---|
Bethesda Elementary 2009 South Miami Boulevard, Durham, NC 27703 | K-5 | 4 mi |
Lowe's Grove Middle 4418 South Alston Avenue, Durham, NC 27713 | 6-8 | 5.3 mi |
Hillside High 3727 Fayetteville St, Durham, NC 27707 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 507 S Alston Ave
Date
Details
Price
Change
Source
9/07/2024
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 507 S Alston Ave
507 S Alston Avenue, Durham, NC 27703 (MLS# 10051308) is a Commercial Lots property. 507 S Alston Avenue is currently listed for $1,500,000 and was received on September 07, 2024. Want to learn more about 507 S Alston Avenue? Do you have questions about finding other Commercial Lots real estate for sale in Durham? You can browse all Durham real estate or contact a Coldwell Banker agent to request more information.

