1115 Timber Drive East

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1115 Timber Drive East

Garner, NC 27529
Asking Price
$850K
Asset Type
Land
Class
Class B

What's Special

1115 Timber Drive East is situated in the growing municipality of Garner, North Carolina, within the Raleigh-Durham metropolitan area. The property is located along a developed commercial corridor characterized by a mix of retail centers, professional offices, and residential subdivisions. Notable nearby amenities include the Garner Towne Square shopping complex and several national restaurant chains. The site offers efficient transportation access, positioned less than two miles from the Interstate 40 and US-70 interchange, providing direct connectivity to downtown Raleigh and the broader Research Triangle region. The land is suited for commercial development, particularly for projects that benefit from high visibility and proximity to established residential populations. Potential use cases include neighborhood-scale retail, medical office facilities, or multi-family residential units, subject to local zoning compliance. Given the site’s location in a high-traffic transition zone, typical occupants would likely include service-oriented businesses, healthcare providers, or developers focused on suburban infill projects. The parcel offers a strategic opportunity for entities seeking to establish a presence in one of Wake County’s expanding submarkets.

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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