607 Cedar St Cary, NC 27511
- Specialty properties
- 3,040 SF
- 27.25 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 607 Cedar St
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 27.25 lot acres
- Property size
- 3,040 SF
- Zone code
- RMFP
- Property type
- Specialty properties
- APN
- 0764.20-92-3119 0224524
- APU
- 764209231190224524
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7663
- Latitude
- 35.7891
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
