5180 Paramount Pky - Freestanding FOR SALE


Morrisville, NC 27560- Outlying North Cary/Morrisville
$3,250,000 USD
516-871-3742
5180 Paramount Pky, Morrisville, NC for Sale
$3,250,000 USD
Freestanding - FOR SALE
1/20
null | 7.01% Cap Rate

5180 Paramount Pky
Morrisville, NC 27560
Outlying North Cary/Morrisville


HIGHLIGHTS

  • ±8,991-SF freestanding event venue built in 2015 on a ±7.41-acre site within the Paramount Center development,
  • Zoned OI (Office & Institutional) allowing broad professional and institutional uses
  • Direct access to I-40 and NC-540; minutes to RDU International Airport
  • Located in Morrisville, within the dynamic Research Triangle growth corridor
  • **All showings must be coordinated with the broker. Do not disturb tenant.**
  • Surrounded by major corporate and life science employers

OVERVIEW

Great Neck Realty Co. is pleased to present 5180 Paramount Parkway, a versatile investment opportunity in Morrisville, North Carolina. The property features a ±8,991-square-foot freestanding building constructed in 2015 and situated on ±7.41 acres within the Paramount Center development. Currently leased to Paramount Event Venue, the facility offers adaptable interior space suitable for gatherings, meetings, or institutional use. On-site surface parking—including ADA-compliant spaces—and high-quality site improvements further enhance functionality and accessibility. Strategically located in Wake County, the property benefits from direct access to I-40 and NC-540 and is just minutes from Raleigh-Durham International Airport (RDU). Zoned OI (Office & Institutional), the site supports a wide range of professional, medical, and institutional uses. With an income-generating tenant in place and potential near-term flexibility for owner-users or future redevelopment, 5180 Paramount Parkway offers investors a compelling opportunity to acquire a well-located asset in one of North Carolina’s most dynamic growth corridors.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Investment Opportunity Near RDU

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.41 AC

LAND SF

322,780 SF

ZONING

OI

APN/PARCEL ID

0746.02-87-9929-000

ASK ABOUT THIS PROPERTY

Robert TramantanoGreat Neck Realty CompanyMore Info
516-871-3742

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Robert TramantanoGreat Neck Realty CompanyMore Info
516-871-3742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.