814 Chatham St Cary, NC 27511
This exceptional .94-acre commercial land parcel in Cary, North Carolina, presents a unique development opportunity. Located at 814 W Chatham St, the property is zoned O&I and offers excellent street exposure. The asking price is $675,000. The site currently includes a single-story dwelling of approximately 1,240 square feet. The Cary Comprehensive Transportation Plan (CTP) designates W. Chatham St. for a 3-lane thoroughfare, with half the right-of-way dedication required from the buyer. Detailed information regarding building setbacks and permitted uses is readily available. Existing water and sanitary sewer services are on-site, and storm drainage options have been outlined, streamlining the development process. This property is ideally suited for a developer seeking to capitalize on Cary's thriving market and create a significant return on investment. The property's location in Wake County, zip code 27511, ensures easy access to major transportation routes and amenities. This is a rare chance to acquire a well-positioned commercial lot in a highly desirable area. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.