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607 Cedar St - Chatham Square 27.25 Acres of Residential Land in Cary, NC 27511
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 | Proposed Use | |
| Property Type | Land | Total Lot Size | 27.25 AC |
| Zoning | Town Center - Town Center (Cary) | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 27.25 AC |
| Zoning | Town Center - Town Center (Cary) |
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.
Walk Score®
Very Walkable (73)
1 of 5
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607 Cedar St - Chatham Square
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