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7688 US 64 Hwy
Pittsboro, NC 27312

$469,000

Office Live Work Unit For Sale  •  1,548 Sq Ft

Property Details

  • Property Type Office Live Work Unit
  • Total Building Size 1,548 Sq Ft
  • Lot Size 3.04 ac
  • Building Class C
  • Year Built 1960
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning B-1
0 Transit Score
0 Walk Score

Description

3.04 Commercial Acres Zoned B-1, 630 Feet of Road Frontage, DIRECTLY ON HIGH TRAFFIC US HIGHWAY 64, 3 Water Taps, 3 Septic Systems, and 3 Highway Entrances, Upgraded and Leased Building!
|| CHECK PHOTO SECTION FOR PERMITTED USES IN B-1 ZONING ||

The property has tons of Road Frontage directly on a Major Highway!!

Traffic count over 16,000 vehicles per day! 

Property is great for businesses that need a lot of walk-in traffic from the visibility offered by a primely located property such as Car Dealers, Car Wash, Service Stations, Sales type businesses, etc

There is a partially cleared site by the last entrance of the property. Over 1.5 acres of land left unused. Ready for your business or house/rental house needs!

B-1 Zoning permits loads of different business types including Single Family Homes!! 
Great potential to use rest of property for other businesses while maintaining current income from building or you can potentially have a home on one end and an income producing business on the other! 

B-1 zoning may allow land to be subdivided into 2-3 lots. 

The Chatham Park Development, a 7000 acre Multi-Billion Dollar Development, is just a few minutes away and right ON THE SAME HIGHWAY! 

There is expected to be an explosion of growth and traffic due to the Chatham Park Project bringing planned growth to the area for the next 25 years!

According to the News and Observer:
"Chatham Park plans call for 22,000 new homes and millions of square feet of labs, office and retail space. It could add 60,000 residents to its 7,000-plus acres between Pittsboro and Jordan Lake."
"Over the next 40 years, the planned Chatham Park development could generate $154 billion in spending statewide, including $80 billion in Chatham County alone."
Will Doran

Phase I of Chatham Park has just begun!

Building has been recently Upgraded and is Leased Thru Aug 2022.

This property is one of only a few properties zoned commercial on US 64 scenic route.

Please Call first for Showing or Preview.

Check the List of Permitted Uses in the photos section to see what opportunities this Prime Property has to offer!

Thank You!

Highlights

PROPERTY MINUTES TO CHATHAM PARK MULTI-BILLION DOLLAR DEVELOPMENT ON SAME HIGHWAY!!!!
Traffic count over 16,000 vehicles per day! 630 Feet of Road Frontage! 3 Highway Access Entrances!
B-1 Zoning permits LOTS OF DIFFERENT PERMITTED USES including Single Family Homes!!
HAS SEPTIC AND CITY WATER TAP ON CLEARED SITE. OVER 1.5 ACRES OF LAND UNUSED.
Building RENOVATED in 2019, Income Producing and Leased Thru Aug 2022.
Property is one of only a few properties zoned commercial on US 64 scenic route.

Property Flyers

Financial Summary

Cap Rate: 7.00 %

Amenities

  • Air Conditioning
  • Signage
  • Storage Space
  • Central Heating

Parking Details

Parking Available: No
Reserved: Yes
Type: Reserved
Included in Rent: Yes
Chris Costiuc 919-622-6128 Realty 64
Chris Costiuc 919-622-6128 Realty 64