Downtown Cary Assemblage FOR SALE


$3,900,000 USD
919-576-2501
, Cary, NC for Sale
$3,900,000 USD
FOR SALE
1/11
null | 6.25% Cap Rate


HIGHLIGHTS

  • Cash flowing asset with in-place tenant income
  • ±1.60 acres across four contiguous parcels
  • Near Downtown Cary
  • Frontage along Chapel Hill Road

OVERVIEW

Four contiguous parcels totaling approximately 1.60 acres are available for sale along Chapel Hill Road near Downtown Cary, North Carolina. The property is zoned TC (Town Center) within the OFC/IND (Office/Industrial) Town Center subdistrict. The assemblage includes a mix of income producing commercial and residential structures. Two commercial buildings front Chapel Hill Road and are currently leased to tenants, providing in-place income. Additional improvements include a single-family home and a duplex along Field Street. The existing buildings offer holding income while a buyer evaluates long-term redevelopment potential. The site’s location, zoning, and configuration make it well suited for a future mixed-use, office, or commercial project consistent with the Town Center district and Cary’s Future Growth Framework.

ASK ABOUT THIS PROPERTY

Moss WithersLee & AssociatesMore Info
919-576-2501

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Moss WithersLee & AssociatesMore Info
919-576-2501

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