Chatham Estates

Investment Overview

Lee & Associates Raleigh-Durham is pleased to offer for sale a 27.25-acre land redevelopment opportunity in Cary, North Carolina, an affluent submarket in the Raleigh-Durham metro. The site is situated at the corner of East Chatham Street and Southeast Maynard Road in Downtown Cary. The site is located minutes from Fenton, a new, high-end mixed-use center. Nearby I-40 and I-440 provide connectivity to major employment centers throughout the region, including the Weston Parkway area (9 minutes), Downtown Raleigh (15 minutes), and the Research Triangle Park (14 minutes).

Investment Highlights

• Master plan potential across nearly 30 acres
• Existing zoning supports high density residential with up to 50 units per acre
• Highly visible corner with multiple access points
• Growing, affluent submarket
• Short-term cash flow
• Favorable landlord lease structures to allow redevelopment