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 positioned in a transitional corridor characterized by a blend of established residential neighborhoods and expanding retail centers. Local amenities include the White Oak Crossing shopping complex and several municipal parks. The location offers efficient regional connectivity via North Carolina Highway 50 and U.S. Route 70, providing direct access to Interstate 40 and downtown Raleigh, which is approximately eight miles to the northwest. This land asset is suitable for various commercial or civic development projects permitted under local zoning ordinances. Potential use cases include professional medical offices, community service facilities, or small-scale retail developments that serve the surrounding residential population. The site is well-positioned for owner-occupants looking to establish a presence in the Southeast Wake County submarket or developers seeking to capitalize on the area's ongoing residential growth. Typical tenants would include local service providers, healthcare groups, or daycare operators requiring visibility and neighborhood proximity.

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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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