🏗️🔥 Durham Infill Development Opportunity | $1.176M New Construction Comp on Same Street
📍 1704 Sprunt Avenue, Durham, NC 27705
💰 Price: $154,995
Rare infill development opportunity near Duke University offering multiple potential new-construction strategies. The property consists of approximately 0.1547 acres / 6,739 SF with approximately 45′ of frontage along Sprunt Avenue, a deep lot configuration, 60′ public right-of-way along Sprunt Avenue, and public alley adjacency along the side of the property, according to the available survey.
🔥 SAME-STREET NEW CONSTRUCTION COMP:
2305 Sprunt Avenue — 4 BR / 4 BA | 2,696 SF new construction — SOLD for $1,176,000 on 4/30/2026.
🏘️ NEARBY NEW-CONSTRUCTION DUPLEX COMP:
3027 Omah Street provides another compelling development model nearby. The approximately 4,468 total SF new-construction duplex development produced two units that recently sold for approximately $537,500 and $535,000 — $1,072,500 combined.
🏗️ DEVELOPMENT POTENTIAL
Zoning: RU-5(2) – Residential Urban
Lot Size: 0.1547 acres / 6,739 SF
Frontage: Approx. 45′ along Sprunt Avenue
Sprunt Avenue ROW: 60′ public right-of-way
Alley: Public alley adjacency may provide additional access and site-planning flexibility, subject to City approval
Single-Family: Permitted
Duplex: Permitted under RU-5(2), subject to applicable City requirements
Base Maximum Height: Up to 3 stories / 40′
Base Side Setbacks: 5′
Base Rear Setback: 25′
Base Street Setback: 10′ along a local street, subject to Durham infill/contextual standards
💡 MULTIPLE DEVELOPMENT STRATEGIES TO EXPLORE
🏡 Premium Single-Family New Construction — Same-street new construction has demonstrated a $1.176M sale.
🏘️ Attached Duplex — Nearby new-construction duplex units demonstrate another potential development and exit strategy.
🏡 + 🏡 Detached Duplex Configuration — Durham’s duplex housing type may allow two detached dwelling units on a single lot, subject to site-specific City requirements and approval.
The property’s deep configuration and adjacent public alley may provide additional flexibility for building placement, parking, garage configuration and vehicular access. Builders and developers should independently evaluate the site to determine the highest and best use.
🏚️ EXISTING STRUCTURE
An existing condemned single-family structure is located on the property and will need to be demolished and cleared for redevelopment/new construction.
An asbestos inspection was completed April 16, 2026. The report states that no suspect materials were observed or sampled/analyzed; however, the inspector was unable to enter the structure because of its condemned status. Full report available for buyer review.
📄 DUE DILIGENCE AVAILABLE
✔️ Current Survey
✔️ Asbestos Inspection Report
✔️ Same-Street $1.176M New Construction Comp
✔️ Nearby $1.072M+ Combined Duplex Sales
✔️ RU-5(2) Zoning Information
Builders, developers and cash buyers — bring your architect and explore the possibilities.
Buyer is responsible for independently verifying zoning, permitted use, density, setbacks, building envelope, alley access, utilities, demolition requirements, permitting and all proposed development plans with the City of Durham.
📞 Call Polite: 336-396-8713
📧 Info@politeproperties.com
💰 OPPORTUNITIES THIS CLOSE TO DUKE DON’T COME ALONG VERY OFTEN! 💰
===================================================================
All deals are cash or hard money only. We are selling our assignable contract with the seller of the property. We are not realtors. All properties require cash or a private/hard money loan in order to purchase – no conventional or FHA financing is available unless otherwise indicated. All inspections must be completed prior to the buyer signing the contract. All properties are sold as-is, where is. Buyers must complete all due diligence before submitting an offer and executing any agreement. Buyers will need to provide a $2,000 non-refundable deposit at the time of the contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing is an assignment of our contract with the seller to the end buyer. Buyer to pay a $750 closing fee to Open to Close for transaction coordination.
===========================
*If you prefer not to bid against other investors, offers may be accepted before showing date. If accepted, contract will be assigned and a private walkthrough will be scheduled.
===========================
Disclaimer: Please do your own due diligence. House is being sold as-is, and the buyer is to pay all closing costs. Price based on a cash or hard money offer. All properties offered are either owned by Polite Property Investments LLC, or under contract and selling equitable interest, or offered in conjunction with a business associate. All offers on properties require a $2,000 non-refundable earnest deposit and 10 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. If You or Your entity do ANYTHING to jeopardize the contract between Polite Property Investments LLC and seller of the property, including but not limited to marketing the property without authorization, putting the property on craigslist, or going to the property without permission YOU or Your ENTITY WILL BE HELD PERSONALLY RESPONSIBLE FOR DAMAGES OF TOTAL PROJECTED PROFIT MARGINS.
Copyright © 2026 Polite Property Investments LLC, All rights reserved.