935 Airport Blvd Morrisville, NC 27560
- Land
- 2.52 lot acres
Current Use by Public Records
- Land
Property Details for 935 Airport Blvd
- Lot size
- 2.52 lot acres
- Property type
- Land
Description
This exceptional 2.52-acre commercial land parcel, located at 935 Airport Blvd in Morrisville, NC 27560, presents a unique opportunity for hotel development. Situated just off I-40 (162,000 vehicles per day) and Airport Blvd (31,000 vehicles per day), this strategically positioned site enjoys high visibility and accessibility. Its proximity to Raleigh-Durham International Airport (3.2 miles, 14,000,000 passengers annually in 2023) makes it ideal for a hospitality venture. The property is zoned for Office and Institutional uses and designated as a Regional Activity Center by the Town of Morrisville Land Use Plan. Previously approved (though expired) for an 84-room, 4-story hotel, the site is well-suited for a development ranging from 80 to 114 keys. The site is unencumbered by existing franchise or management contracts, offering developers flexibility in brand selection, with numerous options available from major hotel chains such as Hilton, Wyndham, Choice, and Best Western. The Wake County APN is 0756272265. A site plan is available upon request. This presents a compelling investment opportunity in a high-growth market fueled by the region's thriving technology, healthcare, and research sectors. Note that a new special use permit application will be required. The usable acreage is approximately 1.76 acres.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8234
- Latitude
- 35.8582
