Corner Lot at Slater Rd & Concourse Village Dr

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Corner Lot at Slater Rd & Concourse Village Dr

Morrisville, NC 27560
Asking Price
$2.90M
Asset Type
Land
Class
Class B

What's Special

This corner lot is situated at the intersection of Slater Road and Concourse Village Drive in Morrisville, North Carolina. Positioned within the Research Triangle Park submarket, the property is surrounded by professional office parks, medical facilities, and hospitality assets. The site offers immediate proximity to major regional thoroughfares, including Interstate 40 and NC-540, providing direct access to Raleigh-Durham International Airport, which is located less than four miles away. Local amenities include numerous retail centers and dining options within the nearby McCrimmon Parkway corridor. The property is suited for commercial development consistent with its high-visibility corner positioning and proximity to employment hubs. Potential use cases include professional office buildings, medical suites, or flexible commercial space designed to serve the area's corporate population. The location is optimal for developers or owner-users seeking a presence in a high-traffic transit corridor. Typical tenants for future improvements would likely include corporate headquarters, healthcare providers, or technology firms requiring central access to the greater Research Triangle region.

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412

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