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5802 Miami Blvd Morrisville, NC 27560

Prime Morrisville location, 33,000 SF, 4.58 acres

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use development opportunity encompasses two parcels totaling approximately 4.585 acres of fully entitled land situated on South Miami Boulevard (NC Hwy 54) in Durham County, near the I-540 interchange. The approved site plan allows for the construction of 33,000 square feet of retail and office space, strategically positioned to capitalize on the high traffic volume of approximately 22,500 vehicles daily. The property boasts three existing buildings: a 4,000 square foot retail building, a 9,500 square foot retail building, and a larger building featuring 10,500 square feet of retail space on the first floor and 9,000 square feet of office space on the second floor. The site is already rough-graded with utilities readily available, simplifying the development process. Its proximity to Research Triangle Park (RTP), a hub for over 264 research companies and 50,000+ employees, further enhances its investment potential. The area is experiencing significant growth, with new multifamily and residential developments recently completed and underway, creating a robust and expanding market. The property is zoned Commercial General. This presents a unique chance to invest in a thriving area with strong infrastructure and a high-demand location.

Highlights

  • Fully entitled for 33,000 SF of mixed-use development.
  • Situated on South Miami Blvd (NC Hwy 54) near I-540 interchange.
  • Minutes from Research Triangle Park (RTP), home to 264+ research companies and 50,000+ employees.
  • High traffic count: 22,500 vehicles daily on South Miami Blvd.
  • New multifamily and residential developments nearby.
  • Existing 4,000 SF retail building.

Property Details for 5802 Miami Blvd

Property type
Office properties, Mixed-use properties
Square Feet
33,000 SF
Buildings
3
Lot Size (sq. ft)
199,723 SF

Location Insight

City
Morrisville
County
Durham
State
North Carolina
Latitude
35.871758
Longitude
-78.851957

FAQs

What type of property is this?
Office property - Prime Morrisville location, 33,000 SF, 4.58 acres
Where is the office property located?
The property is located at 5802 Miami Blvd Morrisville, NC.
What are key features of this property?
This property features: Fully entitled for 33,000 SF of mixed-use development.; Situated on South Miami Blvd (NC Hwy 54) near I-540 interchange.; Minutes from Research Triangle Park (RTP), home to 264+ research companies and 50,000+ employees.
How can I contact the broker?
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5802 Miami Blvd
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