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    OFF-MARKET
    Commercial real estate

    109 Trans Air Dr, Morrisville, NC 27560

    6.63 ac lot
    Property ID
    US53-3748481
    Property summary
    AI-generated overview

    This exceptional 6.63-acre commercial land parcel in Morrisville, North Carolina, presents a unique investment opportunity. Located at 109 Trans Air Dr, this property boasts a prime location at the corner of Airport Blvd and Trans Air Dr, offering unparalleled proximity to Raleigh-Durham International Airport (RDU). Previously approved for a 224-room, eight-story boutique hotel (permit expired), the land is ideally suited for a variety of commercial developments, including hotels or office buildings. The property's zoning designation is Commercial Corridor, allowing for flexibility in development plans. The flat land is easily divisible, presenting the possibility of multiple buildings. Situated in Wake County, NC, with a zip code of 27560 (APN: 0756241767), this property is owned by an LLC. The asking price is $4,600,000, translating to $754,148 per acre. Its convenient location also offers proximity to the Wake Competition Center. This prime location and flexible zoning make this a highly desirable investment opportunity. The property is ready for your vision.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 6.63 ac (288,803 SF)
    APN 0756241767
    UPID US53-3748481
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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