8245 Chapel Hill Rd

For Sale

8245 Chapel Hill Rd, Cary, NC 27513

This Cary property for sale is located at 8245 Chapel Hill Rd. The current listed sale price for 8245 Chapel Hill Rd is $3,900,000. 8245 Chapel Hill Rd is situated on a lot that is 1.6 acre in size.

Contacts

Alyssa Stepusin Byrd

Lee & Associates Raleigh Durham Wilmington

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 11,717 SF
  • Lot Size 1.6 Acre
  • Year Built 1973
  • Date Updated May 18, 2026
  • HVAC None
The property is located along Chapel Hill Road just northeast of Downtown Cary, and benefits from strong frontage and an active growth corridor. Downtown Cary has seen robust public and private investment in recent years, including downtown streetscape improvements, the award-winning Downtown Cary Park, and new mixed-use projects, continuing to drive demand and value in the immediate area.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.
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Highlights

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

Attachments

Getting around

  • 61/100

    Walk Score ®

  • 43/100

    Transit Score ®

  • 61/100

    Bike Score ®

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Location

  • City Cary, NC
  • Neighborhood Northwoods
  • Zip Code 27513
  • Market Raleigh Durham

Points of Interest

  • Zone 1: Prearranged Services

    5.75 miles

  • Zone 4: Limos

    5.80 miles

  • Raleigh

    7.17 miles

  • Exxon

    0.67 miles

  • Shell

    0.93 miles

  • Valero

    0.94 miles

  • Kangaroo Express

    0.99 miles

  • Harris Teeter Gas Station

    1.03 miles

  • Mobil

    1.47 miles

  • BP

    1.51 miles

  • Sheetz

    1.95 miles

  • EVgo

    2.15 miles

  • Building C Charging Station

    2.18 miles

  • Supreme Car Wash

    0.83 miles

  • Enterprise

    1.68 miles

  • Carolina Auto Spa

    1.99 miles

  • The Family Car Wash

    3.05 miles

  • Triangle Car Wash

    3.84 miles

  • Sam's Express

    3.86 miles

  • Edge Car Wash

    3.94 miles

  • Bunkey's Car Wash

    4.20 miles

  • The Car Wash Lodge

    4.38 miles

  • Circle K

    4.87 miles

  • Woody’s Sports Tavern And Grill

    0.13 miles

  • Udupi Café

    0.33 miles

  • Pizzeria Faulisi

    0.34 miles

  • Big Dom’s Bagels Shop

    0.36 miles

  • Scratch Kitchen & Taproom

    0.37 miles

  • Crosstown Pub & Grill

    0.44 miles

  • Birani Xprs

    0.45 miles

  • Taipei 101

    0.45 miles

  • Di Fara Pizza Tavern

    0.45 miles

  • Chengdu 7

    0.47 miles

Contact Listing Broker
Alyssa Stepusin Byrd

Lee & Associates Raleigh Durham Wilmington

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