The 5.15 Acres in Raleigh, NC will be auctioned off on the online commercial real estate platform.
Bidding Starts at This is an absolute auction. First bid meets reserve.
Minutes from RDU International Airport
Part of Research Triangle
Prime Exposure on Dan K More Freeway (156,000 Vpd)
and Cbre's Investment Group is proud to offer a ±5.15 AC land parcel in Morrisville, North Carolina for sale (Parcel). This Property is currently wooded land with municipal water and sewer service available. The Property is located adjacent to the Gateway Centre office park just off I-40 and Aviation Parkway only minutes from RDU International Airport. The Property benefits from prime exposure and visibility from the heavily trafficked Dan K Moore Freeway with ±156,000 VPD (aka I-40). The Property also offers prime access to RDU International Airport and the Research Triangle Park via I-40 on-ramp.
The Property has highly favorable and flexible zoning categories that allow for a very wide variety of uses with a range of allowable densities. The ±5.15 AC Parcel is currently zoned Office/Research/Development (Ord) in the Town of Cary's ETJ and permitted uses include day care, hospital, government services, recreation center, educational facilities, veterinary hospital, bank, restaurant, office building, hotel/motel, some retail services, research & development, manufacturing, warehousing, etc. This Property offers a huge value-add opportunity through development to maximize highest and best use.