DESCRIPTION

The property is 2680 NC HWY-55 in Durham which consists of 11.19 acres along Apex NC Highway 55 between Contravest Pkwy and Helms St. The Project lot is wooded with minimal elevation change, neighboring two new townhome developments entitled “Ryan Homes at Courtney Creek” to the North and “Wynterfield’’ to the South.

The Project contains the largest portion of the parcel bordering NC HWY-55, with an offshoot portion containing a cell tower producing annual lease income with a future disposition opportunity. The layout and orientation of the Property has been designed to accommodate the existing cell tower, as well as a floodplain.