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Dowtwon Cary Assemblage 5 Properties Offered at $3,900,000 in Cary, NC
Investment Highlights
- Cash flowing asset with in-place tenant income
- Near Downtown Cary
- ±1.60 acres across four contiguous parcels
- Frontage along Chapel Hill Road
Executive Summary
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.
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.
Property Facts
| Price | $3,900,000 | Number of Properties | 5 |
| Price / SF | $323.65 / SF | Individually For Sale | 0 |
| Cap Rate | 6.25% | Total Building Size | 12,050 SF |
| Sale Type | Investment | Total Land Area | 2.41 AC |
| Status | Active |
| Price | $3,900,000 |
| Price / SF | $323.65 / SF |
| Cap Rate | 6.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 12,050 SF |
| Total Land Area | 2.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 8241-8245 Chapel Hill Rd, Cary, NC 27513 | Industrial | 9,730 SF | 1973 | - |
| 311 Field St, Cary, NC 27513 | Land | 0.48 AC | - | - |
| 331 Field St, Cary, NC 27513 | Land | 0.17 AC | - | - |
| 0 Chapel Hill Rd, Cary, NC 27513 | Land | 0.14 AC | - | - |
| 8255 Chapel Hill Rd, Cary, NC 27513 | Office | 2,320 SF | 1973 | - |
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Dowtwon Cary Assemblage
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