Multifamily Development Land
For Sale
Contact for pricing
1108 SE Maynard Road, Cary, NC 27511
Zoned R-40 and served by municipal water and sewer, the site supports conceptual multifamily and townhome layouts.
Property SizeContact for details
Lot Size2.43 Acres
Days on Market73
Property Features for 1108 SE Maynard Road
General Information
Standard status
Active
Lot size
2.43 Acres
Property subtype
Land, Multifamily
Zoning
R-40
Investment Type
Redevelopment
Site & Location
Traffic Count
18,000 vehicles/day
Utilities to Site
Yes
Additional Details
Multifamily Units
73
Building Details
Tenancy
Single
Listing Agency:
Waldrop Properties Llc
(919) 645-1605
Listed By:
Michael Waldrop · License #NC 158376
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Jul 16 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waldrop Properties Llc
Investment Insights
Based on property information with market context.
This 2.43-acre land parcel is currently zoned R-40 and offered as a development opportunity with conceptual layouts for up to 73 multifamily units, as well as an alternative configuration of 48 2-over-2 townhomes. The seller is engaging on design pathways that may require acquiring a small sliver of land between Village Greenway and the subject property or obtaining additional acreage from the adjacent Oxford Square Apartments to complete the conceptual plans.
Located on SE Maynard Road within the Eastern Cary Gateway, the property is positioned for visibility and connectivity, with an approximate traffic count of 18,000 vehicles per day. The site is served by municipal water and sewer, which can reduce coordination challenges for prospective development teams. The area is described as providing convenient access to I-40 and Raleigh-Durham International Airport, and it is within minutes of retail and lifestyle destinations including Fenton, Cary Towne Center redevelopment, and Village Square. Educational institutions in the area include East Cary Magnet Middle, Adams Elementary, and Cary Senior High School.
For developers and investors, the R-40 zoning, utility availability, and multiple conceptual product types support a range of multifamily and townhome planning approaches. Prospective buyers should review the notes around assembling the necessary adjacent land to realize the conceptual site plans before proceeding with design and entitlements.
Located on SE Maynard Road within the Eastern Cary Gateway, the property is positioned for visibility and connectivity, with an approximate traffic count of 18,000 vehicles per day. The site is served by municipal water and sewer, which can reduce coordination challenges for prospective development teams. The area is described as providing convenient access to I-40 and Raleigh-Durham International Airport, and it is within minutes of retail and lifestyle destinations including Fenton, Cary Towne Center redevelopment, and Village Square. Educational institutions in the area include East Cary Magnet Middle, Adams Elementary, and Cary Senior High School.
For developers and investors, the R-40 zoning, utility availability, and multiple conceptual product types support a range of multifamily and townhome planning approaches. Prospective buyers should review the notes around assembling the necessary adjacent land to realize the conceptual site plans before proceeding with design and entitlements.
Key Highlights
- 2.43‑acre land parcel in Cary, NC, zoned R‑40
- Conceptual layouts allow up to 73 multifamily units or alternative 48 2‑over‑2 townhome configuration
- Located on SE Maynard Road with an approximately 18,000 vehicles per day traffic count
Property Analytics
Property Profile
Current Use
Lease Details
73
Residential units
18,000 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 27511, NC
32,786
Population
14,359
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,802
Density / Sq Mi
$104,072
Median Household Income
$50,778
Median Earnings
$1,436
Median Rent
$416,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-40 and served by municipal water and sewer, the site supports conceptual multifamily and townhome layouts.
Where is this residential land & home lot located?
The property is located at 1108 SE Maynard Road Cary, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2.43‑acre land parcel in Cary, NC, zoned R‑40; Conceptual layouts allow up to 73 multifamily units or alternative 48 2‑over‑2 townhome configuration; Located on SE Maynard Road with an approximately 18,000 vehicles per day traffic count
