Listing contacts

Vandan Gandhi, CCIM  

Durham Southpoint

(919) 475-5769

Active

Asking price: Call broker for details
Added: 2022-02-02 Updated: 2022-07-11

Info

Address 100 & 107 Morrisville Square Way
City Morrisville
State NC
Zip Code 27560
County Wake
Total Lot Size 1.93 acres
Year Built
Property type Development Land

Details

APN # 0755034451, 0755039421
Zoning TCC (Town Center Commercial)

Demographics

Median household income (5-mile radius) 85,413
Renters occupied (5-mile radius) 38 %
Num of competitors (5-mile radius) 28
Sq.Ft. per capita (1-mile radius) 42.87
5x5 unit average price $35
5x10 unit average price $54
10x10 unit average price $97

Analytics

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Highlights

  • Rare Opportunity to Develop & Own Building in Wake County
  • Two Outparcels Available for Ground Lease
  • Easy Access to Davis Drive, I-540, NC-54 Hwy
  • Minutes from RDU, Medical Institutions
  • High-Net-Worth Demographic

Description

RARE DEVELOPMENT OPPORTUNITY IN MORRISVILLE SQUARE - TWO OUTPARCELS AVAILABLE FOR GROUND LEASE. Vacant commercial land is scarce in Morrisville and western Wake County. This is a rare opportunity to develop and own your own building in Morrisville Square. Property is centrally located in the Triangle, minutes from RDU, with easy access to major highways and medical institutions. High-net-worth demographic. Zoned TCC - Town Center Commercial. Retail demand outlook and retail gap analysis (reports available upon request) forecast significant increase in demand and spending and considerable gap for retailers within a 5-mile radius of site. *Outparcel 1 is .87 acres of land with frontage on Morrisville Carpenter Way with AADT 16,642. Available site plan for this parcel allows for 7,000 SF, 1-story building. * Outparcel 2 is 1.06 acres of land adjacent to Morrisville Square Shopping Center. Available site plan allows for 8,800 SF, 1-story building on this parcel. Parking requireme

Location details

Centrally located in Research Triangle in Morrisville Square. Just off Morrisville-Carpenter Road between Davis Drive and NC Highway 54. Minutes from RDU airport, major highways and medical institutions.

Drive Time:
▣ 0-5 minutes
▣ 6-10 minutes
▣ 11-15 minutes
▣ 16-20 minutes
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Your monthly payment will be:

$ 0