801 Airport BlvdMorrisville, NC 27560

Property Details for 801 Airport Blvd

Year built

2022

Construction

BRICK

Lot size

1.49 AC

Property size (Sq ft)

4,376 SF

Zone code

CC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0756.01-15-6977 0498340

APU

756011569770498340

Description

This exceptional 0.99-acre commercial land parcel presents a unique investment opportunity in the thriving Morrisville, North Carolina market. Located at 801 Airport Boulevard, this single-tenant property boasts premium frontage and is zoned Corridor Commercial, offering significant development potential. The expansive lot size provides ample space for a variety of commercial ventures. Its convenient location near Perimeter Park Drive ensures high visibility and easy access for customers and employees. The property's address is 801 Airport Blvd, Morrisville, NC 27560, situated in Wake County. This prime location within the Corridor Commercial zoning district opens doors to a wide range of permitted uses, making it an ideal site for businesses seeking a strategic presence in this rapidly growing area. The property is offered for sale or ground lease, providing flexibility for potential buyers or lessees. The single-tenant nature of the property simplifies ownership and management, making it an attractive option for investors seeking a straightforward investment. With its strategic location, ample space, and flexible ownership options, this property represents a compelling opportunity to establish a successful commercial enterprise in a high-demand market. The property's size is precisely 0.99 acres, providing a substantial footprint for development. This is a rare opportunity to acquire a well-positioned commercial land parcel in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,381,523

  6.5%

  $1,275,252

  7%

  $1,184,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,562,656

  Geo Method

  $2,531,257

• Alternative Use

  Use

  Valuation

  Residential

  $1,075,723

  Hospitality

  $985,356

  Educational

  $819,805

  Medical

  $847,999

  Retail

  $1,275,252

Location Insight

City

Morrisville

County

Wake

State

North Carolina

Latitude

35.8545

Longitude

-78.8256

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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