329 Harrison AveCary, NC 27513

  • Retail space
  • 16,958 SF

Property Details for 329 Harrison Ave

Year built
1987
Construction
BRICK
Lot size
1.69 AC
Property size (Sq ft)
16,958 SF
Zone code
GCP
Property type
Retail space
APN
0764.14-42-1565 0001303
APU
764144215650001303

Description

This exceptional retail opportunity is located at 329 N Harrison Ave in Cary, North Carolina, within the Shoppes on Harrison. The property is a 16,813 square foot building currently housing multiple tenants. A single, vacant suite of 1,220 square feet is immediately available for lease. This space is classified as inline, endcap, and is a second-generation gym space, presenting a unique opportunity for a variety of retail uses. The building is situated in Wake County, offering excellent access to a thriving community. The precise configuration of the space allows for flexible layout options to suit diverse business needs. The address is conveniently located at 329 N Harrison Ave, Cary, NC 27513, providing easy access for customers and employees. This prime retail location offers high visibility and significant foot traffic, making it an ideal space for businesses seeking to establish or expand their presence in the Cary market. The available space is ready for immediate occupancy, allowing for a quick and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional retail space. The property is categorized as commercial retail.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,755,870
    6.5%
    $4,390,030
    7%
    $4,076,460
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,935,720
    Geo Method
    $4,048,240
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $8,558,900
    Mixed-Use / Specialty
    $4,375,230
    Hospitality / Lodging
    $3,211,060
    Office
    $4,350,110
    Institutional / Educational
    $4,548,770
    Residential Income
    $5,322,070
    Multifamily
    $6,378,320
    Automotive / Energy
    $3,898,950
    Parking / Income-Based Land
    $1,344,650
    Restaurant / Food Service
    $2,277,390
    Healthcare / Senior Housing
    $4,485,850

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.79
Longitude
-78.7837
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,526
$986,454
$2,359,437
$3,345,891
-
$986,454
$2,359,437
$3,345,891

FAQs

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