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8245 Chapel Hill Rd - 8245 Chapel Hill Rd 1.6 Acres of Commercial Land Offered at $3,900,000 in Cary, NC 27513
Investment Highlights
- Cash flowing asset with in-place tenant income
- Zoned TC (Town Center), OFC/IND Town Center subdistrict
- Near downtown Cary | Frontage along Chapel Hill Rd
- ±1.60 acres across four contiguous parcels
- Wake County GIS Parcels: 0764637147, 0764639118, 0764730258, 0764730294
- NOI: $243,616
Executive Summary
The property is located along Chapel Hill Road just northeast of Downtown Cary, and benefits from strong frontage and an active growth corridor. Downtown Cary has seen robust public and private investment in recent years, including downtown streetscape improvements, the award-winning Downtown Cary Park, and new mixed-use projects, continuing to drive demand and value in the immediate area.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $3,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.60 AC |
| Property Type | Land | ||
| Zoning | TC - Zoned TC (Town Center), OFC/IND Town Center subdistrict | ||
| Price | $3,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.60 AC |
| Zoning | TC - Zoned TC (Town Center), OFC/IND Town Center subdistrict |
1 Lot Available
Lot
| Price | $3,900,000 | Lot Size | 1.60 AC |
| Price Per AC | $2,437,500.00 |
| Price | $3,900,000 |
| Price Per AC | $2,437,500.00 |
| Lot Size | 1.60 AC |
±1.60-acre assemblage in Cary with in-place income ($243,616 NOI). Zoned TC allowing mixed-use redevelopment. Frontage on Chapel Hill Rd near Downtown Cary. Covered land play with strong upside potential.
Description
±1.60-acre assemblage with four contiguous parcels located on Chapel Hill Road in Downtown Cary. The property generates approximately $243,616 in NOI. The site features a mix of commercial and residential improvements totaling ±11,700 square feet, providing income and a covered land position. Zoned TC (Town Center), the property supports a range of future redevelopment opportunities, including mixed-use, multifamily, retail, office, and commercial uses. The assemblage has frontage on Chapel Hill Road and Field Street, with strong visibility and access in a high-growth Cary corridor. Located in Downtown Cary, the property benefits from significant public and private investment, including Downtown Cary Park, streetscape improvements, and new mixed-use development. This is a rare opportunity to acquire an income-producing assemblage with long-term redevelopment upside in a supply-constrained market. - 8245 Chapel Hill Road: ±9,397 SF (two tenants) and 8255 Chapel Hill Road: ±2,320 SF (0.81 acres) - 311 Field Street: ±0.48 acres with 824 SF single-family home - 331 Field Street: ±0.17 acres with 1,326 SF duplex - 0 Chapel Hill Road: ±0.14 acres
Presented by
8245 Chapel Hill Rd - 8245 Chapel Hill Rd
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