New ListingOwn income-producing real estate near Cary, NC. This 100% leased, 4,125 SF retail building comprised of 3 condos at 594 E Chatham St throws off $66,894 in NOI on day one, a 7.04% cap at the asking price. Fully leased Cary product under $1M with two established local tenants rarely hits the market. Don't miss your chance. Built in 2000; brick, single story, central HVAC $81,888 in-place gross rent; both leases gross, $14,994 total owner expenses NC Strength Gym through 1/2031 (3% bumps); Tully's Tattoo personally guaranteed (4% bumps) Zoned GC (General Commercial); Wake County REID 0285323 Downtown Cary trade area; 10 mi to Raleigh, 12 mi to RTP and RDU
| MLS # | 10189756 |
|---|---|
| Listing Type | For Lease |
| Style | Retail |
| Status | Active |
| Year | 2000 |
| Days On Site | 3 |
| Listing Provided By | CityPlat | Graham Storey |
| SQ Feet | 4,125 |
|---|---|
| Story(s) | 1 |
| Zoning | GCP |
| Construction Materials | Brick |
|---|
| Tax Assessed Value | 598800 |
|---|---|
| Tax Legal Description | Chatham Prof Park Cond Blb Bld594-120/ Un122/124 |
| Tax Year | 2026 |
| State | NC |
|---|---|
| County | Wake |
| City | Cary |
| Zip Code | 27511 |
| Area | Wake |
| Listing VS Median (in 27511) | |
Price: $950,000 low | high Med: $514,900 sqft: 4,125 low | high Med: 1,479 $ / sqft: $230 low | high Med: $348 On site: 3 low | high Med: 69 | |
| State | NC |
|---|---|
| County | Wake |
| City | Cary |
| Zip Code | 27511 |
| Area | Wake |
| Listing VS Median (in 27511) | |
Price: $950,000 low | high Med: $514,900 sqft: 4,125 low | high Med: 1,479 $ / sqft: $230 low | high Med: $348 On site: 3 low | high Med: 69 | |
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