Overview

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 requirements are based upon actual use of the space.

Town of Morrisville must review and approve site plan and building prior to construction on the property. For details on approved uses, please see Morrisville Unified Development Ordinance: https://user-cjghrlw.cld.bz/Morrisville-Unified-Development-Ordinance-Oct-2021-v2/168/.

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.

2 Spaces Available

Documents

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