Listed by Foundry Commercial Raleigh
Unpriced
0 and 1150 Pea Ridge Road, and 190 and 276 Top Chord
Details
Property Type Industrial, Land
Sub Type Distribution, Commercial
Square Footage 709,275
Acreage 114.290
Zoning Light Industrial; Neighborhood Business
Industrial | 709,275 SqFt
Marketing description
Foundry commercial, a north carolina broker, has been retained as the exclusive agent for the owner of top chord industrial park (the “property”), a ±114.29-acre industrial development opportunity located at the us-1 and pea ridge road interchange in chatham county, nc. Top chord industrial park offers a large site in an opportunity zone with in-place light industrial (±107.79 acres) and neighborhood business district (±6.50 acres) zoning adjacent to the highgrowth us-1 interchange (33,500 vpd) and in close proximity to triangle innovation point (tip). Located in the heart of chatham county’s eastern employment node, top chord industrial park is envisioned for a variety of development opportunities including warehouse, distribution, or flex. Initial concept plans for the site provide for approximately 690,000 sf of warehouse/ distribution space and an additional 18,675 sf of commercial/flex space.
Located at the us-1/pea ridge road interchange, top chord industrial park is 3 minutes from future vinfast, 9 minutes from i-540, 10 minutes from sanford, 28 minutes from rtp, and 30 minutes from rdu international airport. The industrial market in the us-1 corridor from raleigh to sanford has rapidly expanded due to low vacancies in the raleigh-durham area and overall lack of available large sites. Additionally, the nearby announcement of a $4b and 7,500 job investment by vinfast, north carolina’s only electric vehicle manufacturing plant, has spurred additional growth in the area. Tip west is located 0.50 miles south of the property and delivered its first distribution building in late 2q 2023, a 340,000 sf fedex facility. To accommodate future growth in the pea ridge corridor, ncdot is in the initial planning phase of major roadway improvements for the us-1/pea ridge interchange, which is expected to help support the large planned industrial development in the area
With an incredibly tight industrial market in raleigh-durham (4.3% vacancy) expansion is continuing to the south and west along the highway 64 and us-1 corridors as companies continue to seek large industrial sites with ease of access to major thoroughfares. Anticipating this growth, chatham county has identified selective areas as future employment centers that will support large industrial developments. Top chord industrial park is situated within the easternmost industrial node identified by chatham county and is uniquely located at an interchange along us-1 providing visibility and ease of access to the raleigh-durham, pittsboro, and sanford areas
Investment highlights
- Located at the Pea Ridge Rd/us-1 Interchange (29,500 Vpd)
- in-place Light Industrial (Li) Zoning (±84.84 Acres) and Neighborhood Business (±18.22 Acres) With Rezoning Pending for an Additional 22.95 Acres From Residential to Light Industrial
- Concept Plans Show Up to 690,000 Sf of Warehouse/distribution Space and 18,675 Sf of Commercial/flex
- Ncdot Planning Us-1/pea Ridge Road Interchange Improvements
- Key Employment Node in Chatham County
Listing Contacts
Listed by Foundry Commercial Raleigh
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