607 Cedar St | Cary, NC 27511
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607 Cedar St
Cary, NC 27511
Chatham Square · Land For Sale · 27.25 AC
Investment Highlights
- Master plan potential across nearly 30 acres
- Short-term cash flow
- Favorable landlord lease structures to allow redevelopment
- Highly visible corner with multiple access points
- Growing, affluent submarket
Executive Summary
Lee & Associates Raleigh-Durham is pleased to offer for sale a 27.25-acre land redevelopment opportunity in Cary, North Carolina, an affluent submarket in the Raleigh-Durham metro. The site is situated at the corner of East Chatham Street and Southeast Maynard Road in Downtown Cary.
The site is located minutes from Fenton, a new, high-end mixed-use center. Nearby I-40 and I-440 provide connectivity to major employment centers throughout the region, including the Weston Parkway area (9 minutes), Downtown Raleigh (15 minutes), and the Research Triangle Park (14 minutes).
The site is located minutes from Fenton, a new, high-end mixed-use center. Nearby I-40 and I-440 provide connectivity to major employment centers throughout the region, including the Weston Parkway area (9 minutes), Downtown Raleigh (15 minutes), and the Research Triangle Park (14 minutes).
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 27.25 AC |
| Property Type | Land |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 27.25 AC |
1 Lot Available
Lot
| Lot Size | 27.25 AC |
| Lot Size | 27.25 AC |
Wake County PIN # 764923119
Description
Master plan potential across nearly 30 acres. Existing zoning supports high density residential with up to 50 units per acre. Highly visible corner with multiple access points. Growing, affluent submarket. Short-term cash flow. Favorable landlord lease structures to allow redevelopment.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,948,228 CAD | |
| Land Assessment | $2,927,213 CAD | Total Assessment | $6,875,442 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,927,213 CAD
Improvements Assessment
$3,948,228 CAD
Total Assessment
$6,875,442 CAD
zoning
| Zoning Code | Town Center (Town Center (Cary)) |
| Town Center (Town Center (Cary)) |
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