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    Winston Hill Dr Cary, NC 27511

    Sponsored
    For Sale
    $2,350,000

    1.76-acre commercial lot, 88 parking spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.76-acre commercial lot (Lot 6) in Cary, North Carolina's Searstone planned use development presents a unique investment opportunity. Located near the intersection of High House Road and Davis Drive, this property boasts a prime location with convenient access to major thoroughfares. The parcel is zoned to accommodate a variety of commercial uses, including a hotel or retail development. Specifically, plans allow for a four-story hotel with up to 100 rooms and a basement level of parking, or a 20,000 square foot single-story retail building. The site already includes 88 surface parking spaces, and is partially prepared for construction, eliminating the need for setbacks or buffers. All utilities are readily available at the site. This property offers significant potential for developers seeking a well-located, ready-to-build commercial site in a thriving area. The asking price is $2,350,000, and the property's APN is 0744528762. Nearby amenities further enhance the desirability of this exceptional location.

    Property Features for 0 Winston Hill Dr

    General Information

    Property type
    Land
    Lot Size
    76,666 SF

    HighLights

    • 1.76‑acre lot (Lot 6)
    • PIN 0744528762
    • Suitable for hotel or retail development
    • 4‑story hotel (100 rooms) with basement parking permitted
    • 20,000 SF single‑story retail building with 88 surface parking spaces
    • Partially improved pad site
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7816219
    Latitude
    35.7698044

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    FAQs

    What type of property is this?
    Land - 1.76-acre commercial lot, 88 parking spaces.
    Where is this land located?
    The property is located at Winston Hill Dr Cary, NC.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 1.76-acre lot (Lot 6); PIN 0744528762; Suitable for hotel or retail development
    (919) 576-2501
    Request Owner's contact information
    Winston Hill Dr Cary, NC 27511
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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
    Winston Hill Dr Cary, NC 27511
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