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353 Davis Dr - Davis Park East -Hotel and Multi-family sites 3.48 Acres of Commercial Land in Morrisville, NC 27560
INVESTMENT HIGHLIGHTS
- Highly desirable location in the coveted Research Triangle Park area
- Multiple restaurants and varied retail offerings within close proximity
EXECUTIVE SUMMARY
Davis Park East, a 93-acre fully entitled land tract, is in a blue chip location adjacent to Research Triangle Park (The Park), where there are significant barriers to entry for mixed-use development.
The property is the only approved master plan site in Durham County. Office, Hotel, Townhome and Multifamily pods available.
This world class land investment opportunity is well positioned with locational attributes and an economic basis that will enable the buyer to experience a high level of value creation.
The 79 acre property is located at the center of the southeastern boundary of The Park and at the intersection of Davis Drive and Hopson Road both roads are considered major traffic corridors.
Davis Drive is a major north-south corridor through The Park and southward to the bedroom communities of Cary and Morrisville. Hopson Road is a major east-west corridor through The Park and eastward past Davis Park East. Within 7-tenths of a mile of the subject property, Hopson Road forms a ramp system with the Triangle expressway, which extends the Durham Freeway to
I-540, the area' s outer loop . Tenants and owners will have direct and quick access to all parts of the metropolitan area from the subject property.
The property is the only approved master plan site in Durham County. Office, Hotel, Townhome and Multifamily pods available.
This world class land investment opportunity is well positioned with locational attributes and an economic basis that will enable the buyer to experience a high level of value creation.
The 79 acre property is located at the center of the southeastern boundary of The Park and at the intersection of Davis Drive and Hopson Road both roads are considered major traffic corridors.
Davis Drive is a major north-south corridor through The Park and southward to the bedroom communities of Cary and Morrisville. Hopson Road is a major east-west corridor through The Park and eastward past Davis Park East. Within 7-tenths of a mile of the subject property, Hopson Road forms a ramp system with the Triangle expressway, which extends the Durham Freeway to
I-540, the area' s outer loop . Tenants and owners will have direct and quick access to all parts of the metropolitan area from the subject property.
PROPERTY FACTS
1 LOT AVAILABLE
Lot Pod A
| Lot Size | 3.48 AC |
| Lot Size | 3.48 AC |
Land Use: Hospitality / Mixed-Use / Commercial, and or Multi Family and or Hospitality adjoins Research Triangle Park Estimate multi family unit yield-200 + units Estimate Hotel yield-250 keys+/-
DESCRIPTION
Davis Park East is a world class land development well positioned in the Research Triangle Park. It boasts easy access to major roads Davis Drive, Miami Boulevard, Triangle Expressway, I-40, and I-540.
PROPERTY TAXES
| Parcel Number | 210703 | Improvements Assessment | $0 |
| Land Assessment | $1,451,250 | Total Assessment | $1,451,250 |
PROPERTY TAXES
Parcel Number
210703
Land Assessment
$1,451,250
Improvements Assessment
$0
Total Assessment
$1,451,250
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353 Davis Dr - Davis Park East -Hotel and Multi-family sites
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