8360 Chapel Hill Rd Cary, NC 27513
- Warehouses
- 6,523 SF
- 1.74 lot acres
Current Use by Public Records
- Green Heron Landscaping Inc / Landscape Designer
- Savage Towing Inc / Towing Service
Property Details for 8360 Chapel Hill Rd
- Year built
- 1966
- Construction
- METAL FRAME
- Lot size
- 1.74 lot acres
- Property size
- 6,523 SF
- Zone code
- GCP
- Property type
- Warehouses
- APN
- 0764.15-53-9267 0018403
- APU
- 764155392670018403
Description
This exceptional investment opportunity encompasses two parcels totaling 2.57 acres of prime commercial and industrial land in the heart of Cary, North Carolina. Parcel 1, located at 8360 Chapel Hill Rd, comprises 1.74 acres and features an existing 8,773 square foot auto repair shop currently in operation, zoned GCP. This presents immediate rental income potential or the possibility of repurposing the building. Parcel 2, situated at 8390 Chapel Hill Rd, offers 0.83 acres of vacant land zoned OIP, providing significant development flexibility. Both parcels are located in Wake County, zip code 27513, and share the APNs 0764539267 and 0764537146 respectively. Cary's rapid growth and high demand for commercial and residential space create a compelling investment scenario with substantial potential for return. The strategic location within Downtown Cary ensures strong future appreciation. Parcel 1 is listed at $2,600,000 and Parcel 2 at $750,000. This presents a unique chance to capitalize on Cary's thriving economy and robust real estate market. The combined parcels offer a diverse range of development and income possibilities, making this an attractive proposition for discerning investors seeking significant returns.
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
- -78.7776
- Latitude
- 35.792
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
