This 2.43-acre land offering presents an outstanding development opportunity in thriving Cary, North Carolina. Currently zoned R-40, the property aligns with future land use plans for multifamily housing or civic-oriented projects, enhancing its long-term investment appeal. The Property is part of the Eastern Cary Gateway. Situated on SE Maynard Road, the site provides outstanding visibility and benefits from a traffic count of approximately 18,000 vehicles per day, ensuring strong connectivity and potential demand for residential or mixed-use applications.
The parcel enjoys municipal water and sewer services, reducing utility coordination challenges for prospective developers. With conceptual layouts for up to 73 multifamily units or alternative configurations such as 48-2 Over 2 townhomes, the property allows flexibility in design to meet diverse housing needs. Please note the conceptual plans likely require either acquiring the small sliver of land between Village Greenway and the subject property or acreage from the adjacent Oxford Square Apartments. The Seller has contact information for both property owners and has engaged in discussions previously regarding acquiring either of the options.
Located minutes from I-40 and the Raleigh-Durham International Airport, the site offers unmatched convenience for commuters and residents. Nearby retail, dining, and lifestyle destinations include Fenton, Cary Towne Center redevelopment, and Village Square, as well as local favorites and national brands. Educational institutions such as East Cary Magnet Middle, Adams Elementary, and Cary Senior High School further reinforce the area's livability. Offered at $1,500,000, this property delivers both prime positioning and value for discerning developers and investors.
Michael Waldrop
Waldrop Properties, LLC