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8360 Chapel Hill Rd Cary, NC 27513

2.57 Acres, Two Parcels, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity encompasses two parcels totaling 2.57 acres of prime commercial and industrial land in the heart of Cary, North Carolina. Parcel 1, located at 8360 Chapel Hill Rd, comprises 1.74 acres and features an existing 8,773 square foot auto repair shop currently in operation, zoned GCP. This presents immediate rental income potential or the possibility of repurposing the building. Parcel 2, situated at 8390 Chapel Hill Rd, offers 0.83 acres of vacant land zoned OIP, providing significant development flexibility. Both parcels are located in Wake County, zip code 27513, and share the APNs 0764539267 and 0764537146 respectively. Cary's rapid growth and high demand for commercial and residential space create a compelling investment scenario with substantial potential for return. The strategic location within Downtown Cary ensures strong future appreciation. Parcel 1 is listed at $2,600,000 and Parcel 2 at $750,000. This presents a unique chance to capitalize on Cary's thriving economy and robust real estate market. The combined parcels offer a diverse range of development and income possibilities, making this an attractive proposition for discerning investors seeking significant returns.

Highlights

  • 2.57 acres of prime commercial/industrial land in Downtown Cary, NC.
  • Parcel 1 (1.74 acres, 8,773 SF auto repair shop, GCP zoning): $2,600,000. Potential rental income or repurposing.
  • Parcel 2 (0.83 acres, vacant, OIP zoning): $750,000. Significant development flexibility.
  • High ROI potential due to Cary's rapid growth, high demand for commercial/residential space, and strategic location.
  • Existing tenant provides immediate income potential on Parcel 1.

Property Details for 8360 Chapel Hill Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
111,949 SF

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.79155641
Longitude
-78.77740148

FAQs

What type of property is this?
Land - 2.57 Acres, Two Parcels, High ROI Potential
Where is the land located?
The property is located at 8360 Chapel Hill Rd Cary, NC.
What are key features of this property?
This property features: 2.57 acres of prime commercial/industrial land in Downtown Cary, NC.; Parcel 1 (1.74 acres, 8,773 SF auto repair shop, GCP zoning): $2,600,000. Potential rental income or repurposing.; Parcel 2 (0.83 acres, vacant, OIP zoning): $750,000. Significant development flexibility.
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8360 Chapel Hill Rd
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