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Land For Sale • 1.6 AC
Rare opportunity to acquire four contiguous parcels totaling approximately 1.60 acres in the heart of Cary’s Walkable Center development framework. Zoned TC (Town Center), the site offers exceptional flexibility for mixed-use, multifamily, retail, or commercial development. With premium frontage along Chapel Hill Road and Field Street, this assemblage is ideally positioned for a signature urban infill project. - 8245 Chapel Hill Road: ±9,397 SF (two tenants) and 8255 Chapel Hill Road: ±2,320 SF (0.81 acres) - 311 Field Street: ±0.48 acres with 824 SF single-family home - 331 Field Street: ±0.17 acres with 1,326 SF duplex - 0 Chapel Hill Road: ±0.14 acres
| Cash flowing asset with in-place tenant income |
| ±1.60 acres across four contiguous parcels |
| Zoned TC (Town Center), OFC/IND Town Center subdistrict |
| Wake County GIS Parcels: 0764637147, 0764639118, 0764730258, 0764730294 |
| Near downtown Cary | Frontage along Chapel Hill Rd |
| Sale Price: $3,900,000 | Cap Rate: 6.25% |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cary Station (Piedmont - North Carolina by Train (NC Train)) | 2 min | 15 min | 0.8 mi |
| Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) | 15 min | - | 8.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| Cary Station (Piedmont - North Carolina by Train (NC Train)) | 2 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Raleigh-Durham International | 17 min | - | 8.7 mi |
Alyssa Stepusin Byrd
Lee & Associates
Alyssa Stepusin Byrd
Lee & Associates
