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611-703 Church St - 611 & 703 Church St

1.09 Acres of Commercial Land Offered at £1,179,555 in Morrisville, NC 27560

Investment Highlights

  • Previously Approved Daycare site plan for 8500 sq ft building
  • Morrisville 6 miles from RDU and RTP
  • In negotiations a national provider at at $42/sq ft. 20 YR Lease with Corporate Guarantee, NNN

Executive Summary

Seller will renegotiate with National Provider to amend the existing 20 YR Lease.
Great retail opportunity.

Property Facts

Price £1,179,555
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Daycare Centre
  • Storefront, Retail or Office
Total Lot Size 1.09 AC

1 Lot Available

Lot

Price £1,179,555
Price Per AC £1,082,161
Lot Size 1.09 AC

Available for sale 1.09 +/- Acres. Located minutes from RDU Airport and RTP. Site Plan was Approved for 8,500 SQ FT Daycare. Approvals have expired but easily resubmitted to town for review and re-approval.

Description

Negotiations underway with national daycare provider: $42/sq ft. 20 YR Lease 2 renewal options each 5 years Corporate Guarantee, NNN No Landlord responsibilities

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0745.08-88-6331-000
Land Assessment
£110,983
Improvements Assessment
£0
Total Assessment
£110,983

zoning

Zoning Code OI (Office and institution)
OI (Office and institution)
  • Listing ID: 31153227

  • Date on Market: 07/03/2024

  • Last Updated:

  • Address: 611-703 Church St, Morrisville, NC 27560

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