- For Sale Subject To Offer
- Property Type VacantLand
- Lot Size 1.65 Acre
- Date Updated Apr 14, 2026
Description
Located at the intersection of Liberty Street and Elizabeth Street in Downtown Durham, the property offers immediate access to employment, dining, entertainment, and cultural amenities. Ongoing institutional and life sciences investment continues to drive strong residential demand in this walkable, high-growth submarket.6 Grace Lane offers a rare, fully entitled multifamily development opportunity in the heart of Downtown Durham. The ±1.65-acre site is site-plan approved for a mixed-use project comprising 201 residential units and 8,721 square feet of ground-floor commercial space. Located within a federally designated Opportunity Zone, the property is well positioned for long-term value creation.
Highlights
- ±1.65-acre development site
- 161 residential parking spaces
- 17 Two-bedroom units
- 62 additional unrestricted parking spaces on Elizabeth Street between Holloway and Main Street
- 8,721 SF of ground-floor commercial space
- 90 Studio units
- 94 One-bedroom units
- Located within a federally designated Opportunity Zone
- No affordable housing requirements
- Parcel Number: 0831260575
- Parking ratio: 80%
- Sale Price: Call Broker
- Sewer capacity approved and allocated for all 201 units
- Site plan approval in place for 201 multifamily units
- Surrounded by new multifamily development driving Downtown Durham’s eastward expansion, with easy access to downtown and employment hubs
- Unit mix includes:
- Zoning: DD-S2 (Downtown Durham – Subdistrict 2)
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Contacts
Mike Glennon
Lee & Associates Raleigh Durham Wilmington
Location
Located at 6 Grace Lane, Durham, NC 27701, this property is part of the Cleveland - Holloway neighborhood and Raleigh Durham market.
Contact Listing Broker
Mike Glennon
Lee & Associates Raleigh Durham Wilmington
