801 Airport Blvd Morrisville, NC 27560-9192
- Grocery and convenience stores
- 4,376 SF
- 1.49 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 801 Airport Blvd
- Year built
- 2022
- Construction
- BRICK
- Lot size
- 1.49 lot acres
- Property size
- 4,376 SF
- Zone code
- CC
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,085,000
- 6.5%
- $7,200,000
- 7%
- $7,590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,690,000
- Geo Method
- $6,370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,125,000
- Retail
- $6,615,000
- Mixed-Use
- $7,650,000
- Hospitality
- $6,450,000
- Educational
- $6,760,000
- Residential Income
- $6,110,000
- Energy
- $7,270,000
- Income-Based Land
- $7,380,000
- Food Service
- $8,465,000
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8256
- Latitude
- 35.8545
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
