Pad Sites

Recently, I have helped several clients find “pad sites” for their operations.  Pad sites can be described as smaller pieces of rough-graded real estate found frequently in the front of shopping centers and strip malls.  Pad sites, also known as outparcels, typically range in size from a half an acre to two acres.  These sites have utilities in place and are primed for construction.  Banks, casual dining, fast food restaurants, and convenient stores top the list for end users of pad sites. 

Many pad sites are in prime locations with good visibility, and consequently are generally priced accordingly.  Current research in the Triangle area indicates one-acre parcels ranging from $300,000 to over $1,000,000.  For pad sites, the phrase “location, location, location,” rings very true as it relates to the sales price. 

Moss Withers, Broker, NAI Carolantic Realty

If your firm is considering expanding or relocating and your particular need requires a pad site, please don’t hesitate to call us at NAI Carolantic.  We have the experience, a wealth of information, and would like to be of service.

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