FOR SALE DOWNTOWN DURHAM · 510 E. Pettigrew Street 0831-13-04-2968 2.166 Acres Downtown Design - Core (DD-C) $5,848,200 1 Mile 3 Miles 5 Miles 2017 POPULATION 14,280 92,619 195,197

www.cbre.us/raleigh

FOR SALE

DOWNTOWN DURHAM HIGH-DENSITY DEVELOPMENT OPPORTUNITY510 E. PETTIGREW STREETDurham, NC 27701

Part of the CBRE affiliate network

PARCEL C2.166 ACRES

JACKIE ROBINSON DRIVE

WOODFIELD APARTMENTS305 UNITS

FOR SALE510 E. PETTIGREW STREET Durham, NC 27701

PROPERTY FEATURES

+ Vacant parcel in Downtown Durham near the Durham Bulls Athletic Park and the American Tobacco Campus

+ Zoned Downtown Design - Core (DD-C)

+ The Downtown Design district is established to encourage intense development and pedestrian activity through regulations appropriate to the downtown area. It focuses on the form of the private and public realm instead of an use and intensity. The standards encourage a vital downtown economy that enhances Durham’s position as a commercial, cultural and entertainment hub of the region while increasing livability. The DD district is intended to work in tandem with the Downtown Durham Master Plan and updates. For more information on the DD-C zoning, click here

+ The Downtown Durham Master Plan describes the parcels as being located in the Government Services District. The Plan calls for the lots to be developed as mixed use - office, residential and retail. For more information on the Downtown Durham Master Plan, click here

+ City of Durham water and sewer service available

+ The parcels are located in Downtown Durham, just east of the American Tobacco Campus and the Durham Bulls Athletic Park. Adjacent developments include Woodfield Investments’ 305-unit multifamily development, the new Venable Center, a 90,000 square foot office building, the new Durham County Judicial Center and the new Durham County Human and Health Services Building. The properties have excellent access onto NC Highway 147 and US Highway 15/501.

+ For due diligence information, click here

Address PIN# Size Zoning Pricing

510 E. Pettigrew Street 0831-13-04-2968 2.166 Acres Downtown Design - Core (DD-C) $5,848,200

1 Mile 3 Miles 5 Miles

2017 POPULATION 14,280 92,619 195,197

EST. POPULATION GROWTH RATE (2017-2022) 2.30% 1.64% 1.85%

2017 AVERAGE HOUSEHOLD INCOME $39,484 $53,303 $64,016

NC HIGHWAY 147 @ FAYETTEVILLE ROAD 78,000 VPD

ROXBORO ROAD @ E. DILLARD STREET 11,070 VPD

DEMOGRAPHICS

TRAFFIC COUNTS

FOR SALE510 E. PETTIGREW STREET Durham, NC 27701

American TobaccoCampus

DBAP

DPAC

Durham CountyCourthouse

S M

angu

m S

t

S Ro

xbor

o St

S Dillard St

Pettigrew St

Fayette

ville Rd

Whetstone Apartments204 units

Apts at American Tobacco75 units

West Village III156 units

West Village I & II452 units

Bell West End340 units

Lofts at Southside132 units

S D

uke

St

BrightleafSquare

West Village

Central Park

Five Points

Downtown

D-O LRTProject Stop

PARCEL C2.166 Acres

Woodfield Apartments305 units

555 Mangum

Durham is at the center of our nation’s new high-tech job growth.

The parcels are just two miles from the Duke University/Duke Medical “Eds and Meds” Corridor.

The Property is just one block from American Tobacco Campus, home to the Durham Bulls AAA baseball team, the Durham Performing Arts Center, restaurants, shops, and night spots.

ECONOMIC CENTER FOR THE FUTURE # 5

BEST PLACE FOR STEM (SCIENCE, TECHNOLOGY, ENGINEERING,

AND MATH) GRADUATES

May 2016 | NerdWallet

METRO FOR VENTURE CAPITAL INVESTMENT PER CAPITA

January 2016 | Martin Prosperity Institute

# 4METRO FOR ECONOMIC

GROWTHAugust 2015 | Business Facilities

# 3

CITY WITH THE HIGHESTCONCENTRATION OF TECH

JOBS IN THE U.SJuly 2015 | Simply Hired

# 4

FOR SALE510 E. PETTIGREW STREET Durham, NC 27701

MASTER PLAN

NOT TO SCALE

A

DURHAM PERFORMING ARTS CENTER

FUTURE DEVELOPMENT

PARCEL

FUTURE COMMERCIAL DEVELOPMENT

PARCEL

FUTURE DEVELOPMENT

PARCELS

DIAMONDVIEW PARK

DURHAM COUNTY COURTHOUSE

DURHAM COUNTY JUSTICE CENTER

PARKING

DURHAM COUNTY HEALTH

DEPARTMEN

BC

D

DEVELOPMENT SUMMARY

PARCEL A 4.2 ACRES 7,000 GSF RETAIL 250,000 GSF OFFICE 166 KEY HOTEL +20 DU HOTEL CONDO +76 DU MULTIFAMILY 780 PARKING SP PARCEL B 3.8 ACRESUNDER CONSTRUCTION 305 DU 430 PARKING SP

PARCEL C 2.1 ACRES 75,000 GSF FUTURE USE PARCEL D 1.9 ACRES 160,000 GSF FUTURE USE

O V E R A L L M A S T E R P L A ND U R H A M G A T E W A Y C E N T E R

DECEMBER 03, 2015 | LD#1013269

POTENTIAL RENDERING

PARCEL C

FOR SALE510 E. PETTIGREW STREET Durham, NC 27701

© 2018 CB Richard Ellis - Raleigh LLC. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

www.cbre.us/raleigh

CONTACT US

CHESTER F. ALLEN, CCIMExecutive Vice President+1 919 831 [email protected]

Part of the CBRE affiliate network

© 2016 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBREneither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. TheInformation is protected by copyright and shall be fully enforced.

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© 2016 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBREneither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. TheInformation is protected by copyright and shall be fully enforced.

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MAP ID TO MILES DRIVE TIME

1 Duke University/Medical Center 2.2 5 minutes

2 Research Triangle Park 7.8 12 minutes

3 RDU International Airport 13.7 16 minutes

4 UNC at Chapel Hill 18.3 24 minutes

5 Cary 18.5 24 minutes

6 Downtown Raleigh 24.8 31 minutes

7 Midtown Raleigh / North Hills 25.0 26 minutes

ResearchTriangle

Park

A SHORT DRIVE FROM THE TRIANGLE’S NOTABLE DESTINATIONS

4

3

2

5

1

7

6

PARCEL C