For Sale
Call for price

607 Cedar StCary, NC 27511

27-acre mixed-use land, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 27.25-acre mixed-use land parcel presents a unique redevelopment opportunity in the heart of Cary, North Carolina. Located at the highly visible corner of East Chatham Street and Southeast Maynard Road in Downtown Cary, this property boasts a Town Center zoning designation, allowing for high-density development. The site's strategic location offers easy access to major transportation arteries, including I-40 and I-440, providing seamless connectivity to key employment hubs such as the Weston Parkway area (9 minutes away), Downtown Raleigh (15 minutes), and the Research Triangle Park (RTP) (14 minutes). The property's proximity to Fenton, a thriving mixed-use center, further enhances its desirability. Existing zoning permits high-density residential development with the potential for up to 50 units per acre, making this an ideal site for a master-planned community. The property's multiple access points and high visibility contribute to its exceptional marketability. This presents a compelling investment opportunity in a rapidly growing and affluent submarket, offering both short-term cash flow potential and long-term value appreciation. The favorable existing lease structures provide flexibility for redevelopment plans. APN: 764923119.

Highlights

  • 30-acre master-planned community potential.
  • High-density residential zoning (up to 50 units/acre).
  • High-visibility corner lot with multiple access points.
  • Desirable, affluent submarket.
  • Strong short-term cash flow.
  • Leases favorable for redevelopment.

Property Details for 607 Cedar St

Property type
Mixed-use properties, Land
Lot Size (sq. ft)
1,187,010 SF

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.7891534
Longitude
-78.7663537
607 Cedar St, Cary, North Carolina

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607 Cedar St
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