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Multi-Family

Downtown Cary Land Assemblage

318 Holloway St, Cary, NC 27513

Listing Price: $3,750,000

Lot Size
2.79 acres
Price/Acre
$1,344,086
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present a high-density residential development opportunity in the heart of downtown Cary, North Carolina. The subject assemblage with existing zoning that allows for 50 units per acre is located in the north academy subarea of downtown, along North Dixon street at its intersection with Holloway and Wood Street, only one block west of the site that the Town of Cary has identified for its Future Multi-Modal Transit Center. This is a rare infill opportunity in a thriving, walkable, urban downtown Cary sub-market that is experiencing explosive, sustainable growth fueled by both public and private investment and guided by the Cary Community Plan. Cary has been ranked as one of the fastest growing municipalities in the United States and many consider it to be the most central location in the Research Triangle Region, Cary is 15 minutes from Downtown Raleigh, 15 minutes from Apex or Holly Springs, 15 minutes from RTP, and 25 minutes from Downtown Durham.

Investment Highlights

  • Walking Distance to Numerous Restaurants, Retail Stores, and Entertainment Destinations
  • Rare, 2.79-Acre 7 Parcel Infill Assemblage in the Heart of Downtown Cary
  • Significant Demand for an Increased Number of Housing Units in the Vibrant Downtown Cary Sub-Market, supported by the Cary Community Plan
  • High Density Residential Zoning; 50U/Acre, Minimal Setbacks, Building Height up to 90'
  • 0.1 Miles from Cary's Proposed Multi-Modal Transit Facility Site
  • Several New Projects Underway in Cary, NC; +/- 2MM SF in the Development Pipeline

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Multi-Family

Downtown Cary Land Assemblage

Listing Price: $3,750,000

Lot Size
2.79 acres
Price/Acre
$1,344,086
Land Type
Land

Investment Highlights

  • Walking Distance to Numerous Restaurants, Retail Stores, and Entertainment Destinations
  • Rare, 2.79-Acre 7 Parcel Infill Assemblage in the Heart of Downtown Cary
  • Significant Demand for an Increased Number of Housing Units in the Vibrant Downtown Cary Sub-Market, supported by the Cary Community Plan
  • High Density Residential Zoning; 50U/Acre, Minimal Setbacks, Building Height up to 90'
  • 0.1 Miles from Cary's Proposed Multi-Modal Transit Facility Site
  • Several New Projects Underway in Cary, NC; +/- 2MM SF in the Development Pipeline

Investment Overview

Marcus & Millichap is pleased to present a high-density residential development opportunity in the heart of downtown Cary, North Carolina. The subject assemblage with existing zoning that allows for 50 units per acre is located in the north academy subarea of downtown, along North Dixon street at its intersection with Holloway and Wood Street, only one block west of the site that the Town of Cary has identified for its Future Multi-Modal Transit Center. This is a rare infill opportunity in a thriving, walkable, urban downtown Cary sub-market that is experiencing explosive, sustainable growth fueled by both public and private investment and guided by the Cary Community Plan. Cary has been ranked as one of the fastest growing municipalities in the United States and many consider it to be the most central location in the Research Triangle Region, Cary is 15 minutes from Downtown Raleigh, 15 minutes from Apex or Holly Springs, 15 minutes from RTP, and 25 minutes from Downtown Durham.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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