8245 Chapel Hill Rd, Cary, NC for sale

Investment Overview

Rare opportunity to acquire four contiguous parcels totaling approximately 1.60 acres in downtown Cary, with in-place income. Zoned TC (Town Center), the site offers exceptional flexibility for mixed-use, multifamily, retail, or commercial development. Existing improvements provide stable cash flow. With premium frontage along Chapel Hill Road and Field Street, this assemblage is ideally positioned for a signature urban infill project.

Investment Highlights

• $243,616 NOI
• 6.25% cap rate
• ±1.60 acres across four contiguous parcels
• Covered land play with income offsetting hold costs
• Zoning and future land use allow for mixed-use redevelopment
• Frontage on Chapel Hill Road near Downtown Cary
• ±11,700 SF commercial + residential income streams
• Wake County GIS Parcels: 0764637147, 0764639118, 0764730258, 0764730294