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1901 Piney Plains Road
Cary, NC 27518
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 2.11 acres <ul><li>In-place zoning for up to 20 townhome lots</li><li>All off-site work to be completed including stormwater and utilities stubbed to the site</li><li>Strong townhome resales within three miles of the site in the last two years averaging $626,368 for product constructed between 2014 and 2023.</li><li>Walkable to over 1.3M SF of retail including The Centrum at Crossroads and Crossroads Plaza</li></ul>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
