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    607 Cedar St Cary, NC 27511

    Sponsored
    For Sale
    Contact for pricing

    27-acre mixed-use land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 27.25-acre mixed-use land parcel presents a unique redevelopment opportunity in the heart of Cary, North Carolina. Located at the highly visible corner of East Chatham Street and Southeast Maynard Road in Downtown Cary, this property boasts a Town Center zoning designation, allowing for high-density development. The site's strategic location offers easy access to major transportation arteries, including I-40 and I-440, providing seamless connectivity to key employment hubs such as the Weston Parkway area (9 minutes away), Downtown Raleigh (15 minutes), and the Research Triangle Park (RTP) (14 minutes). The property's proximity to Fenton, a thriving mixed-use center, further enhances its desirability. Existing zoning permits high-density residential development with the potential for up to 50 units per acre, making this an ideal site for a master-planned community. The property's multiple access points and high visibility contribute to its exceptional marketability. This presents a compelling investment opportunity in a rapidly growing and affluent submarket, offering both short-term cash flow potential and long-term value appreciation. The favorable existing lease structures provide flexibility for redevelopment plans. APN: 764923119.

    Property Features for 607 Cedar St

    General Information

    Property type
    Land
    Lot Size
    1,187,010 SF

    HighLights

    • 30‑acre master‑planned community potential.
    • High‑density residential zoning (up to 50 units/acre).
    • High‑visibility corner lot with multiple access points.
    • Desirable, affluent submarket.
    • Strong short‑term cash flow.
    • Leases favorable for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7663537
    Latitude
    35.7891534

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    FAQs

    What type of property is this?
    Land - 27-acre mixed-use land, prime location.
    Where is this land located?
    The property is located at 607 Cedar St Cary, NC.
    What are key features of this property?
    This property features: 30-acre master-planned community potential.; High-density residential zoning (up to 50 units/acre).; High-visibility corner lot with multiple access points.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    607 Cedar St Cary, NC 27511
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