Burlington 2.4-Acre Land Parcel - Retail Development (GB)
Retail
Marketing description
Opportunity to acquire a ±2.4-acre parcel located in a heavily-trafficked major shopping and commercial corridor of Alamance County, NC between the Alamance Crossing & University Commons retail supercenters.
This highly visible site offers excellent access and frontage within one of the area's most active retail corridors, enhancing its positioning as a premier development opportunity, with General Business (GB) zoning that provides exceptional flexibility for a wide array of commercial uses, including gas station, convenience store, car wash, self-storage, automotive services, hospitality, restaurant, and medical office.
The property is ideally suited for retail development, single-tenant net lease to national operators (e.g., convenience, restaurant, or service users), or a joint venture with a developer for a small shopping center or mixed-use concept that could leverage car wash synergy.
Strategically positioned between dominant retail centers and surrounded by established and expanding residential communities, the site benefits from strong built-in consumer demand. The property is located just 2.5 miles from Elon University and features direct access to University Drive, a key connector between Interstate access points and the university, further supporting consistent traffic flow and visibility. Parcel Coordinates: 36°04’10.9”N 79°31’15.2”W
Investment highlights
- Zoning: General Business (GB), permitting a wide variety of commercial uses
- Strategic Location: Situated on University Dr., primary route connecting I-40 to Elon University (Parcel Coordinates: 36°04’10.9”N 79°31’15.2”W)
- Strong Traffic Exposure: Traffic counts exceeding 125,000 vehicles per day
- Proven Demand: A 210-unit apartment development recently sold adjacent to the parcel
- Residential Growth: Surrounded by multiple new/planned multifamily & single-family developments
- Corporate Proximity: Approximately 4 miles from LabCorp's Global Corporate Headquarters
- Access: One-hour to Raleigh, Durham, Chapel Hill, Winston-Salem, Greensboro, and High Point
- Burlington is strategically located between the Triad and Triangle, providing access to a combined population base of approximately 3.8 million residents. It serves as a central connector market between two of North Carolina's largest and fastest-growing regions.
- The area is further supported by a substantial student population of over 272,000 within the broader trade region, reinforcing consistent retail demand. A stable and established population base, combined with regional draw, continues to drive sustained consumer spending and long-term commercial growth.
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