5802 Miami BlvdMorrisville, NC 27560

Property Details for 5802 Miami Blvd

Lot size

1.85 AC

Zone code

CG (D)

Property type

Commercial land

APN

158006

APU

158006

Description

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.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $38,951,700

  Retail / Commercial

  $19,327,100

  Mixed-Use / Specialty

  $18,748,300

  Hospitality / Lodging

  $13,091,200

  Office

  $18,105,800

  Institutional / Educational

  $19,308,500

  Residential Income

  $22,590,900

  Multifamily

  $29,921,200

  Automotive / Energy

  $16,550,100

  Parking / Income-Based Land

  $6,215,030

  Restaurant / Food Service

  $8,662,900

  Healthcare / Senior Housing

  $19,749,000

Location Insight

City

Morrisville

County

Durham

State

North Carolina

Latitude

35.8718

Longitude

-78.852

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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