For Sale
$3,100,000

503-519 Sorrell St Cary, NC 27513

2.17 Acres, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 2.17-acre commercial land parcel in downtown Cary, NC, presents a remarkable development opportunity. Located on Sorrell Street, this property (APN 503, 505, 507, 511, 517, and 519) enjoys a prime location steps from Cary's vibrant downtown and a new park, offering easy access to I-40, NC-54, Maynard Loop, Harrison Ave, and RDU Airport. Zoned for Medium Density Town Center Subdistrict development, the site allows for various projects, including approximately 22 single-family homes, 26+ townhomes, or a 60+ unit condominium building. The asking price is $3,100,000. Two adjacent parcels (MLS #10049160 and #10049154) are also available, potentially expanding the total acreage to 3.07 acres. This presents a unique chance to create a significant development in a highly desirable area. The property's strategic location and zoning make it an ideal investment for developers seeking to capitalize on Cary's thriving market. This is a rare opportunity to build in one of the most sought-after areas in the country. The zip code is 27513, and the property is situated in Wake County.

Highlights

  • $3,100,000 asking price.
  • 2.17-acre commercial land parcel in Cary, NC.
  • Located at 503-519 Sorrell St, Cary, NC 27513.
  • APN: 503, 505, 507, 511, 517, 519.
  • Zoned for Medium Density Town Center development, potential for single-family homes, townhomes, or condominiums.

Property Details for 503-519 Sorrell St

Property type
Land
Lot Size (sq. ft)
94,525 SF

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.794525
Longitude
-78.772072

FAQs

What type of property is this?
Land - 2.17 Acres, Prime Location
Where is the land located?
The property is located at 503-519 Sorrell St Cary, NC.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: $3,100,000 asking price.; 2.17-acre commercial land parcel in Cary, NC.; Located at 503-519 Sorrell St, Cary, NC 27513.
How can I contact the broker?
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503-519 Sorrell St
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