Commercial Development Site
Corner Lot at Slater Rd & Concourse Village Dr
Morrisville, NC 27560
Highlights
- PRIME DEVELOPMENT OPPORTUNITY - This vacant parcel offers a unique opportunity for commercial development in a thriving area, with potential uses including high-end office space, retail establishments, daycare facilities, fast-food outlets, banquet halls, or hotels.
- EXCEPTIONAL LOCATION NEAR RALEIGH-DURHAM INTERNATIONAL AIRPORT - Strategically situated near Raleigh-Durham International Airport, the property benefits from high visibility and accessibility, making it an ideal location for businesses catering to travelers and professionals.
- SURROUNDED BY AMENITIES - Located near several well-known hotels, including La Quinta Inn & Suites, Holiday Inn Express, and Staybridge Suites, making it an ideal site for businesses catering to travelers and professionals. The property is also in close proximity to major national tenants such as Waffle House, Jersey Mike's, Hooters, and Cracker Barrel, ensuring strong consumer traffic and a vibrant commercial environment.
- PROXIMITY TO MAJOR TRANSPORTATION HUBS - Located near an I-40 exit, the property offers easy access to major highways, facilitating convenient commutes and attracting a steady flow of potential customers. I-40 is the longest Interstate Highway in North Carolina and is the only Interstate to completely span the state from west to east.
- STRONG DEMOGRAPHIC PROFILE - Morrisville has experienced significant growth, with the population increasing by over 500% since 2000, reaching approximately 31,493 residents in 2022. The average household income is estimated at $113,989, indicating a prosperous community that can support various commercial enterprises.
- HIGH TRAFFIC COUNTS - The property's strategic location near major roads ensures high traffic volumes, enhancing visibility and accessibility for any future development. Site benefits from 37,000+ VPD from Airport Blvd and 150,000+ VPD from I-40.
- FLEXIBLE ZONING FOR COMMERCIAL USES - The parcel's zoning accommodates a wide range of commercial applications, providing developers with the flexibility to tailor the project to market demands and community needs. The RAC Activity Center Zoning District is intended to accommodate major employment locations, cultural destinations, and mixed-use development that serves both the local and regional markets.
- BOOMING CITY WITH MAJOR DEVELOPMENT PLANS - Morrisville is undergoing significant growth and revitalization, with a 25-acre downtown development project set to bring new residential, retail, and community spaces. The first phase, launching in Spring 2025, will introduce mixed-use buildings, a new community library, and a public park, enhancing the city's appeal as a live/work/play destination.
Description
Prime Net Lease is pleased to present a premier commercial development opportunity in Morrisville, North Carolina. This vacant parcel offers a unique chance for versatile commercial development, with potential uses including high-end office space, retail establishments, daycare facilities, fast-food outlets, banquet halls, or hotels. Its strategic location and flexible zoning provide developers with the opportunity to tailor a project that meets market demand in one of the fastest-growing areas in the region.
Situated near Raleigh-Durham International Airport, the property benefits from high visibility and accessibility, making it an ideal location for businesses catering to both travelers and professionals. The site is also conveniently located near an I-40 exit, offering seamless connectivity to major highways and ensuring a steady flow of potential customers. I-40 is the longest interstate highway in North Carolina and spans the state from west to east, further enhancing access to key regional markets.
The surrounding area features a robust mix of businesses and amenities that contribute to strong consumer traffic. Nearby, several nationally recognized hotels—including La Quinta Inn & Suites, Holiday Inn Express, and Staybridge Suites—serve a steady influx of visitors, reinforcing demand for retail, dining, and service-based businesses. Additionally, the property is in close proximity to major national tenants such as Waffle House, Jersey Mike's, Hooters, and Cracker Barrel, positioning it within an already vibrant commercial corridor.
Morrisville has experienced rapid population growth, increasing by over 500% since 2000, with approximately 31,493 residents as of 2022. The city's economic strength is further highlighted by its high average household income of $113,989, indicating a well-established consumer base capable of supporting various commercial enterprises. Additionally, the property benefits from high traffic counts, with over 37,000 vehicles per day (VPD) on Airport Boulevard and 150,000+ VPD on I-40, further enhancing visibility and accessibility for future development.
As part of its continued expansion, Morrisville is undergoing significant revitalization efforts, including a 25-acre downtown development project aimed at creating new residential, retail, and community spaces. The first phase, launching in Spring 2025, will introduce mixed-use buildings, a new community library, and a public park, reinforcing the city’s status as an attractive live/work/play destination.
This property represents an exceptional opportunity for developers and investors looking to capitalize on Morrisville’s rapid growth, strong demographics, and thriving commercial environment. With its prime location, strong economic indicators, and flexible zoning, this site is well-positioned for long-term success.
Morrisville, NC – A Thriving Hub in the Research Triangle
Morrisville, North Carolina, has emerged as a dynamic and rapidly growing town within the Research Triangle, offering a unique blend of business opportunities, high quality of life, and strategic connectivity. Its location, demographics, and economic landscape make it a prime destination for both companies and residents looking for long-term growth and stability.
Prime Location & Connectivity
Nestled between Raleigh and Durham, Morrisville benefits from direct access to major transportation networks, including Interstate 40 and Raleigh-Durham International Airport (RDU). This connectivity makes it an ideal location for businesses with national and international operations while also providing residents with easy commuting options to nearby employment hubs.
Diverse & Highly Educated Population
Morrisville has seen explosive population growth, increasing from around 5,000 residents in 2000 to over 31,500 in 2022. The town is recognized for its diversity, with nearly 46% of its population identifying as Asian, driven in part by its proximity to technology and research companies. Additionally, the town's younger-than-average median age of 34 reflects a vibrant, skilled workforce that fuels innovation and economic expansion.
Economic Strength & Business Environment
As part of the Research Triangle, Morrisville has positioned itself as a technology and innovation hub, attracting major corporations such as Lenovo (which has its U.S. headquarters in the town) and Oracle. Its pro-business climate, coupled with a highly educated workforce, makes it a magnet for startups and high-tech industries.
Recent investments, such as Forge Nano’s expansion—a lithium-ion battery manufacturer backed by $100 million from the U.S. Department of Energy—demonstrate the town’s growing influence in cutting-edge industries.
Real Estate & Development
With increasing demand for residential and commercial space, Morrisville has seen steady real estate development. Its proximity to Raleigh and Durham, coupled with a strong economy, has driven new construction in both housing and office spaces. The town’s mix of suburban charm and modern conveniences makes it attractive for families, professionals, and investors alike.
Conclusion
Morrisville, NC, continues to thrive as a key player in the Research Triangle’s economic ecosystem. With strategic connectivity, a highly skilled workforce, and a business-friendly environment, it remains a prime location for corporate expansion, residential growth, and long-term investment.
