280 Meeting StCary, NC 27518

Property Details for 280 Meeting St

Year built

2006

Construction

FRAME

Lot size

2.36 AC

Property size (Sq ft)

18,058 SF

Zone code

GCP

Property type

Retail space

APN

0773.19-50-7412 0340403

APU

773195074120340403

Description

This exceptional retail opportunity is located at 280 Meeting St, Suite 104, in Cary, North Carolina, within the Centrum Station development in Wake County (zip code 27518). The space totals 1,467 square feet and is currently vacant, presenting an immediate opportunity for a new tenant. The larger building encompasses 18,000 square feet and features a multi-tenant configuration, suggesting a vibrant and established commercial environment. The property's location in Cary, a thriving North Carolina city, offers excellent access to a substantial customer base. This prime retail space is ideal for a variety of businesses seeking high visibility and convenient access. The address is easily accessible from major roadways, ensuring high traffic flow and potential for significant customer reach. The 1,467 square foot space provides ample room for a variety of retail configurations, allowing for customization to suit specific business needs. This is a rare opportunity to secure a well-located retail space in a bustling commercial center. Interested parties are encouraged to inquire promptly to secure this desirable property. The property is situated at latitude 35.75636 and longitude -78.7447522.

• CAP approach

  CAP return

  Valuation

  6%

  $6,509,046

  6.5%

  $6,008,350

  7%

  $5,579,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,155,158

  Geo Method

  $10,445,484

• Alternative Use

  Use

  Valuation

  Residential

  $5,068,268

  Hospitality

  $4,642,506

  Educational

  $3,862,511

  Medical

  $3,995,349

  Retail

  $6,008,350

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7567

Longitude

-78.7448

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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