503-519 Sorrell St Cary, NC 27513
- Land
- 2.17 lot acres
Current Use by Public Records
- Land
Property Details for 503-519 Sorrell St
- Lot size
- 2.17 lot acres
- Property type
- Land
Description
This exceptional 2.17-acre commercial land parcel in downtown Cary, NC, presents a remarkable development opportunity. Located on Sorrell Street, this property (APN 503, 505, 507, 511, 517, and 519) enjoys a prime location steps from Cary's vibrant downtown and a new park, offering easy access to I-40, NC-54, Maynard Loop, Harrison Ave, and RDU Airport. Zoned for Medium Density Town Center Subdistrict development, the site allows for various projects, including approximately 22 single-family homes, 26+ townhomes, or a 60+ unit condominium building. The asking price is $3,100,000. Two adjacent parcels (MLS #10049160 and #10049154) are also available, potentially expanding the total acreage to 3.07 acres. This presents a unique chance to create a significant development in a highly desirable area. The property's strategic location and zoning make it an ideal investment for developers seeking to capitalize on Cary's thriving market. This is a rare opportunity to build in one of the most sought-after areas in the country. The zip code is 27513, and the property is situated in Wake County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7721
- Latitude
- 35.7945
