Downtown Cary Assemblage_Property for Sale
Downtown Cary Assemblage_Property for Sale
108 Walnut Street, Cary, NC, 27511, US

Downtown Cary Assemblage

Asset description

Jones Lang LaSalle, a North Carolina-licensed real estate broker, has been retained as the exclusive sales representative for The Downtown Cary Assemblage (referred to as the “Site” or “Project”), an exceptional 3.16-acre development opportunity situated in Downtown Cary, NC. The site presents a rare chance for an investor to develop a tier-one project in the epicenter of one of Raleigh MSA’s most coveted submarkets, where privately owned 3+ acre tracts with accretive entitlements are extremely scarce. The property is zoned Town Center District with a Mixed-Use designation, which permits multifamily and mixed-use development by right. Additionally, the property is less than a 2-minute walk to Downtown Cary’s most exciting amenities, including some of the MSA’s hottest new restaurants, social scenes, and public gathering areas. Notably, it is directly adjacent to Cary’s brand new $68 million, 7-acre urban public park, which opened in Q4 2023. Adjacent to DT Cary’s major economic drivers, the assemblage offers a special opportunity to acquire a main and main site and develop a high-density project supported by favorable micro-market fundamentals, including strong renter demand.

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Attributes

Land area gross
3.16 acres

Media

Investment highlights

  • One of the last Multiple Acre Assemblages in Downtown Cary
  • Directly Adjacent to Brand New, 7-acre Downtown Cary Park
  • In-place Zoning for Multifamily and Mixed Use
  • Walkable to Downtown Cary’s Exciting Retail Offerings
  • Strong Demographic and Renter Profile

Contact brokers

Downtown Cary Assemblage (0 Properties)

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Last updated
Apr 16, 2024