Map of Property

For Sale

6 Grace Lane

6 Grace Lane, Durham, NC 27701

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.

Key features

  • ±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)
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

Mike Glennon

Lee & Associates Raleigh Durham Wilmington

Building Details

  • For Sale Subject To Offer
  • Property Type VacantLand
  • Lot Size 1.65 Acre
  • Date Updated Apr 14, 2026

Attachments

Getting Around

  • Walk Score ®

    Very Walkable (76)

  • Transit Score ®

    Good Transit (50)

  • Bike Score ®

    Bikeable (65)
Powered by Walk Score ®

Location

  • City Durham, NC
  • Neighborhood Cleveland - Holloway
  • Zip Code 27701
  • Market Raleigh Durham

Points of Interest

Zone 4: Limos

10.00 miles

Carolina Food Mart

0.36 miles

BP

0.69 miles

In & Out Food Mart

0.73 miles

Trinty Food Mart #4

0.98 miles

Handi-Foods

0.98 miles

Speedway

1.00 miles

Family Fare

1.18 miles

Shell

1.19 miles

EVgo

6.21 miles

Chapel Hill Street Garage

0.50 miles

Morgan-Rigsbee Garage

0.51 miles

East Parking Deck

0.60 miles

Corcoran Street Garage and Lot

0.62 miles

Durham Centre Garage

0.72 miles

North Parking Deck

0.74 miles

South Parking Deck

0.80 miles

AmTrak Overnight Parking

0.82 miles

Hertz Rental Car

2.74 miles

Sheetz Car Wash

3.52 miles

Lightning McClean Car Wash

3.61 miles

Autobell Car Wash

6.95 miles

AutoBell Car Wash

7.49 miles

Avis

8.66 miles

Budget

8.66 miles

Enterprise

9.19 miles

Autobath

9.89 miles

Mezcalito Durham

0.37 miles

Subway

0.41 miles

Bull City Burger

0.46 miles

Thaiangle

0.47 miles

Pompieri Pizza

0.47 miles

Tortas Lopez

0.50 miles

Bar Virgile

0.50 miles

Rue Cler

0.51 miles

Revolution

0.52 miles

Brightleaf Square

1.11 miles

Compare Foods

1.17 miles

Durham Co-op Market

1.41 miles

Food Lion

1.83 miles

Red White Grocery

1.83 miles

Whole Foods Market

1.86 miles

Northgate Shopping Mall

2.06 miles

Harris Teeter

2.13 miles

Ross

2.67 miles

Main Street Pharmacy

0.61 miles

Lincoln Community Health Center

0.96 miles

Russell's Pharmacy & Shoppe

1.16 miles

Duke University Police

2.00 miles

Durham Fire Station Number 2

2.22 miles

Pickens Building

2.53 miles

Duke Clinic

2.59 miles

Rite Aid

2.63 miles

Duke Psychiatry

2.63 miles

6 Grace Lane Listing Summary

  • What is the asking price at 6 Grace Lane?

    The asking price for 6 Grace Lane is currently available on demand. Contact the listing broker for details.

Contact Listing Broker
Mike Glennon

Lee & Associates Raleigh Durham Wilmington

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