About 429 Lakeland Street
Major Opportunity Alert for Builders, Developers & Investors in Durham's Federal Opportunity Zone
Unlock rare potential with two adjoining parcels at 430 Sowell Street (MLS #10127865) and 429 Lakeland Street, Zoning RU-5(2), nestled in the heart of Durham's most rapidly transforming neighborhood. Together, they present a prime redevelopment opportunity within a Federal Opportunity Zone, offering unbeatable positioning, flexibility, and growth potential.
These adjoining properties, covering a corner-to-corner section, of a city block, lie in Durham's Urban Tier, qualifying for the Small Lot Option under city zoning, ideal for infill construction, small-lot single-family homes, townhouses, or a creative clustered site plan. With existing curb cuts, utilities at the street, and New Construction homes already completed next door and just 300 yards away, the comparables and momentum are strong. Verify options with Durham Planning Dept.
Strategically located on the R. Kelly Bryant Bridge Trail, directly across from Burton Magnet Elementary School, and minutes from Downtown Durham, NCCU, and major redevelopment corridors—this area embodies the next wave of growth and community revitalization.
Endless potential awaits: Redevelop, build out a multi-home collection, or update the existing residence for cash flow while finalizing plans.
This pairing, 430 Sowell (MLS #10127865) + 429 Lakeland, represents a turnkey entry point for small to mid-size builders and investors seeking immediate upside in one of Durham's most promising growth pockets.
