607 Cedar StCary, NC 27511

Property Details for 607 Cedar St

Year built

1955

Construction

FRAME

Lot size

27.25 AC

Property size (Sq ft)

3,040 SF

Zone code

RMFP

Property type

Specialty properties

APN

0764.20-92-3119 0224524

APU

764209231190224524

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $853,225

  Hospitality

  $781,549

  Educational

  $650,240

  Medical

  $672,603

  Retail

  $1,011,484

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7891

Longitude

-78.7663

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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