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Historic Building in Downtown Cary
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311 S Academy, Cary, NC 27540

Stand-alone 1,782 SF building on 0.43 acres in Downtown Cary.

Property Size1,782 SF
Days on Market249

Property Features for 311 S Academy

General Information

Standard status Active
Size 1,782 SF
Property subtype Retail
Listing Agency: Lee & Associates | Raleigh
Listed By: Chip Lanier
Source: Lee-associates
Added: Nov 26, 2025 Changed: Jul 6 Last Checked: Aug 2 at 5:16AM

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 Lee & Associates | Raleigh

Investment Insights

Based on property information with market context.

The property at 311 S. Academy Street in Cary, NC, is a 1,782 SF stand-alone building situated on 0.43 acres. It includes a partially finished basement/garage and exterior structure. Located in Downtown Cary, it is adjacent to the Downtown Cary Park. Built in 1925, the building was originally the home and office of Dr. J.P. Hunter. This historic gem offers both charm and a prime location, preserving a piece of Cary’s history within its character. It presents a rare opportunity for a modern business to occupy a site rich with local heritage. Combining historic charm with unmatched accessibility, 311 S. Academy Street is one of downtown Cary’s most distinctive and versatile properties.

Key Highlights

  • Prime downtown Cary location adjacent to Downtown Cary Park.
  • Unique historic building built in 1925.
  • Stand‑alone 1,782 SF building on 0.43 acres.

Property Analytics

Current Use

Alisa Huffman MSW, ... Law Firm Capital Financial Resources Financial Advisor Granados Law Law Firm Brett Thompson Law Firm Brick Industry Association Sustainability Organization

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Law Firm Restaurant Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,050
Businesses Nearby
Balanced
Demand for This Use

Demographics for 27540, NC

44,302
Population
16,400
Households
2.7
Avg Household Size
35
Median Age
65%
College-Educated
95%
High-School Grad
48.0 sq mi
ZIP Area
923
Density / Sq Mi
$125,681
Median Household Income
$69,266
Median Earnings
$1,718
Median Rent
$474,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Flowers by Bob Strother — 407 e chatham st, cary, nc 27511
  • Cary Florist — 100 Parkthrough St, Cary, NC 27511
  • Brides & Bouquets — 604 E Chatham St # A, Cary, NC 27511
  • Strother Floral Gallery — 407 e chatham st, cary, nc 27511
  • Nelson's Blooms — 407 E Chatham St, Cary, NC 27511

Frequently Asked Questions

What type of property is this?
Storefront property - Stand-alone 1,782 SF building on 0.43 acres in Downtown Cary.
Where is this storefront property located?
The property is located at 311 S Academy Cary, NC.
What are key features of this property?
This property features: Prime downtown Cary location adjacent to Downtown Cary Park.; Unique historic building built in 1925.; Stand‑alone 1,782 SF building on 0.43 acres.
More about this property
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