$3,100,000
For Sale

503-519 Sorrell Street

Cary, NC 27513
Browse 20 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Discover a unique opportunity to shape the future of downtown Cary with this rare urban infill development! Strategically positioned just steps away from the vibrant heart of downtown Cary and its stunning new park, this prime location offers easy access to major thoroughfares, including I-40, NC-54, Maynard Loop, and Harrison Ave, as well as RDU Airport. Zoned within the Medium Density Town Center Subdistrict, this listing encompasses parcels 503, 505, 507, 511, 517, and 519 Sorrell, totaling an impressive 2.17 acres. For those seeking even more potential, two additional neighboring parcels are available, bringing the total assemblage to 3.07 acres. With the possibility of developing approximately 22 single-family homes, 26+ townhomes, or a 60+ unit condominium building, this is your chance to make a significant impact in one of the most sought-after areas in the country. Don't miss out on this exceptional opportunity to leave your mark in downtown Cary! For more details on the additional parcels, please refer to MLS Listing #10049160 509 Sorrell St & #10049154 521 Sorrell St.

  • Property Details
      • Lot FeaturesHardwood Trees
      • Lot DescriptionHardwood Trees
    • Measurements
      • Acres2.17
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionNot in a Subdivision
    • Location
      • Middle SchoolWake - Reedy Creek
      • Elementary SchoolWake - Kingswood
      • High SchoolWake - Cary
      • ZoningTC-MDR
      • CountyWake
  • Financial Details
      • Taxes Annual$9,374
  • Other
      • MLS #10051669

Location

Lindy Muse | NorthGroup Real Estate Inc.Real Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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