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Property profile

814 Chatham St Cary, NC 27511

OFF-MARKET
Land
Property ID
US53-1556293
0.94 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 0.94 ac (40,946 SF)
UPID US53-1556293

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

814 Chatham St Cary, NC 27511
Cary metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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