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8360 Chapel Hill Rd - 8360-8390 Chapel Hill Rd.

0.83 - 1.74 Acre Commercial Land Lots Offered at $750,000 - $2,600,000 Per Lot in Cary, NC 27513

Investment Highlights

  • Great visibility from Chapel Hill Rd.

Executive Summary

LOCATION HIGHLIGHTS
Prime Location: Situated near the intersection of N Academy Street and Chapel Hill Road, offering high visibility and accessibility.
Downtown Cary: Located in the heart of Cary’s vibrant downtown area, surrounded by a mix of commercial, retail, and residential properties.
INVESTMENT POTENTIAL
Growth Area: Cary is one of the fastest-growing towns in North Carolina, offering robust economic growth and development opportunities.
High Demand: Increasing demand for commercial and residential spaces due to the expanding population and business environment.
ROI: Potential for high returns on investment due to strategic location and ongoing development projects in Downtown Cary.
Existing Tenant: Potential rental income from the current auto repair shop operation or opportunity to repurpose the building on Parcel 1.

Property Facts

Price $750,000 - $3,350,000
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Total Lot Size 2.57 AC

2 Lots Available

Lot

Price $2,600,000
Price Per AC $1,494,253
Lot Size 1.74 AC

PARCEL 1 8360 CHAPEL HILL RD. Parcel PIN: 0764539267 Size: 1.74 Acres Building on Site: Auto Repair Shop Square Footage: 8,773 SF Current Use: Auto repair shop in operation Zoning: GCP

Lot

Price $750,000
Price Per AC $903,614
Lot Size 0.83 AC

PARCEL 1 8360 CHAPEL HILL RD. Parcel PIN: 0764539267 Size: 1.74 Acres PARCEL 2 8390 CHAPEL HILL RD. Parcel PIN: 0764537146 Size: 0.83 Acres Current Use: Vacant land Zoning: OIP

Description

Located at 8360 and 8390 Chapel Hill Rd., these two parcels offer prime real estate opportunities. The first parcel, at 8360 Chapel Hill Rd., spans 1.74 acres and features a fully operational auto repair shop with a building size of 8,773 square feet, zoned as General Commercial Property (GCP), and is listed for $2,900,000. Adjacent to it, the second parcel at 8390 Chapel Hill Rd. is 0.83 acres of vacant land, zoned as Office and Institutional Property (OIP), ideal for new development such as office buildings or institutional uses, with an asking price of $750,000. These properties provide significant potential for commercial and institutional investment in a sought-after area.

  • Listing ID: 32270523

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 8360 Chapel Hill Rd, Cary, NC 27513

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