5500 Old Chapel Hill Road Durham, NC 27707
Check out this location - great for development. Older home sits on property however price is for land value. Adjoining lot 5500 Old Chapel Hill Rd #140196 is included in sales price. Both lots zoned R-1 which is broad and includes properties such as *single family, schools, places of worship, adult/child care, rec /cultural facilities & other essential services*. Could possibly be rezoned. 6.0+- Acres
Community - Durham
Sale Price as (%) of Asking Price
Average Sale Price
Average Days On Market
Data compiled from available Multiple Listing Service sources.
Durham is a major city in North Carolina known for the prestigious Duke University and contributions to medical research. This lively city near Raleigh is full of activity, from sports games to performing arts shows.
Durham real estate covers a wide range of housing options, from downtown condominiums to beautiful mansions on expansive lots, and everything in between. The median home price in Durham is slightly more than that of the state and comparable to the national average. Homes in Durham are constructed primarily in the traditional style, and there are several well-established neighborhoods with mature foliage and historic homes in Durham.
Lifestyle and Attractions
Located near the state capital, Durham is a large city serving as one of the anchor cities of the Research Triangle. With a population of more than 288,000, Durham is the fourth largest city in the state of North Carolina, behind Charlotte, Raleigh and Greensboro. This bustling city is a magnet for technology and life science companies, as it hosts Duke University’s prestigious medical center and many health-related companies. The presence of Duke University in Durham contributes to the city’s hip and young vibe, exciting sports culture, and focus on education and research.
The Durham Performing Arts Center is the main hub of the cultural scene in Durham. Other arts and cultural centers include The Carolina Theater, the Nasher Museum of Art, and the Museum of Life and Science. Annual events and festivals in Durham include the American Dance Festival, the Full Frame Documentary Film Festival, the Bull Durham Blues Festival, and Festival for the Eno. Residents and visitors experience the great outdoors along the American Tobacco Trail, at Sarah P. Duke Gardens, or at Eno River State Park. The downtown area of Durham has recently been refurbished, merging historic buildings with high-level apartment buildings, restaurants, shops, and businesses.
The Durham Bulls are a Triple-A minor league baseball team playing in the International League. They play their home games at the Durham Bulls Athletic Park, one of the newest stadiums in the minor leagues. The college sports culture is strong in Durham, as residents cheer on Duke University Blue Devils teams, particularly the men’s basketball team. The largest employers in Durham include Duke University, Duke Medical Center, and several major companies in Research Triangle Park, including IBM, GlaxoSmithKline, Bayer, and more. Research Triangle Park is the world’s largest university-related research park, hosting nearly 140 major research and development companies.
Nearby Schools and Higher Education
Durham has 55 public schools in Durham Public Schools, and there are 39 private schools in the vicinity of Durham. Durham is home to the prestigious Duke University, a private research university with nearly 15,000 students, in addition to Durham Technical Community College and North Carolina Central University.
The first inhabitants of the Durham area were the Eno and the Occaneechi Native American tribes. During the period between the Revolutionary and Civil Wars, large plantations began to rise up, and by 1860, Stagville Plantation was the center of one of the largest plantation holdings in the South.
After the Civil War, Durham was one of the first cities in the South to recover from the devastation. This was largely due to veterans’ interest in the mild “Brightleaf” tobacco they tried as they had passed through Durham. Local farmers Washington Duke and his sons supplied for the demand, creating a global tobacco empire. Duke tobacco later established energy giant Duke Power, and eventually transformed Trinity College into the world-renowned Duke University.
The establishment of textile mills also boosted the economy in Durham after the war. In the early 1900s, a vibrant African-American community, known as Hayti, was born in the southern part of the city. Some of the most successful black-owned businesses in the country were crafted here, and the area became known as “Black Wall Street.”
Both the tobacco and textile industries declined significantly between 1960 and 1980, but the city was revived with the development of Research Triangle Park, a major research and development complex in Durham.
Approximate Distance to:
Raleigh: 22.5 Miles
Raleigh-Durham International Airport: 12.5 Miles
Duke University Hospital: 2.5 Miles
Duke Regional Hospital: 3.5 Miles
I-85: 2 Miles
I-40: 8.5 Miles
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