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    OFF-MARKET Estimated value $2,340,000
    Drive through restaurants

    1031 Harrison Ave, Cary, NC 27513-3924

    2,861 SF 0.99 ac lot Built 1996
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US53-5597107
    Property summary
    AI-generated overview

    This exceptional free-standing retail property, located at 1031 N Harrison Ave in Cary, NC, presents a unique investment opportunity. Boasting a total building area of 2,861 square feet, the property sits on a sizable 0.99-acre lot, offering ample space and potential for expansion or outdoor amenities. Currently vacant, this single-tenant building provides a blank canvas for a discerning business owner to customize the space to their exact specifications. Constructed in 1996, the building is situated in Wake County, within the vibrant Cary community, and benefits from excellent visibility and accessibility. The property's convenient location offers easy access to major transportation routes, ensuring high traffic flow and customer convenience. The 2,861 square feet of vacant space provides flexibility for a variety of retail uses, making it an ideal choice for businesses seeking a prominent presence in a thriving market. The expansive lot size also offers potential for future development or outdoor seating areas, further enhancing the property's appeal. This is a rare opportunity to acquire a well-located, sizable retail property in a highly desirable area of Cary, North Carolina. The property's size, location, and vacancy make it an attractive proposition for businesses seeking a strong foothold in a growing market. The zip code is 27513.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1996
    Construction BRICK
    Total area 2,861 SF
    Lot 0.99 ac (43,124 SF)
    Zoning code GCCU
    APN 0764.06-47-2824 0217322
    UPID US53-5597107
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.70M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.77M
    Blend (final) Blend
    $2.34M
    Owner & transaction history
    1401 1403 Delaware Ave LLC · 4 yrs held
    1401 1403 Delaware Ave LLC
    since 2022
    Last sale
    $2.4M
    3 recorded transactions
    2022
    $2.4M
    2008
    $2.0M
    2007
    $1.5M
    Zoning & alternative use
    GCCU · Cary, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.7M +13.5%
    Neighborhood: shopping center $1.6M +5.8%
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