2011 Walnut StCary, NC 27518

Property Details for 2011 Walnut St

Year built

1995

Construction

CONCRETE BLOCKS

Lot size

2.62 AC

Property size (Sq ft)

29,789 SF

Zone code

GC

Property type

Retail properties

Property subtype

Super regional malls

APN

0773.19-61-9175 0206407

APU

773196191750206407

Description

This exceptional commercial property, located at 2011 Walnut St in Cary, North Carolina (zip code 27518), presents a significant opportunity for retail businesses. The property boasts a total building area of 33,490 square feet, with 30,120 square feet currently vacant, offering substantial space for a single tenant. Built in 1995, the building is situated in Wake County and benefits from a prime street retail location, ensuring high visibility and accessibility. Ample parking is available with 123 spaces provided for customers and employees. The property is classified as both retail and land, offering flexibility for potential development or expansion. The single-tenant occupancy allows for a streamlined management approach. This property is ideal for a business seeking a prominent location in a thriving Cary market. Its size and parking capacity make it suitable for a variety of retail concepts. The significant vacant space presents a unique opportunity for a business to establish a substantial presence in a desirable area. The property's location in Wake County, North Carolina, offers access to a strong local economy and a large consumer base. This is a rare opportunity to acquire a substantial retail space in a prime Cary location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,737,512

  6.5%

  $9,911,549

  7%

  $9,203,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,752,243

  Geo Method

  $17,231,172

• Alternative Use

  Use

  Valuation

  Residential

  $8,360,762

  Hospitality

  $7,658,414

  Educational

  $6,371,710

  Medical

  $6,590,843

  Retail

  $9,911,549

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7585

Longitude

-78.7406

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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