503-519 Sorrell Street

Cary, NC 27513

$3,100,000
Price
94,525 / 2.17
Lot Size / Acres

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...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.
  1. Listed by Leslie Douglas • The Douglas Realty Group
  2. Listed by Chris Evans • The Douglas Realty Group

Property Details for 503-519 Sorrell Street

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/19/2024 11:25 AM

Property Details for 503-519 Sorrell Street

StatusActive
MLS #10051669
Days on Market78
Taxes$9,374 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size2.17 AC
CountyWake County

Building Information for 503-519 Sorrell Street

Lot Size2.17 AC

Property Information for 503-519 Sorrell Street

Summary
Location and General Information
  • Zoning: TC-MDR
  • Directions: From I-40, take exit 290 onto NC-54/Chapel Hill Rd & into Downtown Cary. Take the 1st right onto Sorrell St & the lots will be on your right.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.794674
  • Longitude: -78.771377
  • Road Frontage Type: City Street, Public Road
  • Road Surface Type: Paved
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $9,374.00
  • City Limits Of: Cary
  • City Limits YN: Yes
  • Lot Number: see desc
  • Restrictive Covenants YN: No
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake - Kingswood
  • Middle Or Junior School: Wake - Reedy Creek
  • High School: Wake - Cary
Property
Lot Information
  • Lot Features: Hardwood Trees
  • Lot Size Dimensions: no survey
  • Other Structures: Residence
  • List PriceAcre: 1428571.43
  • Road Frontage Length: 286
Property and Assessments
  • Photos Count: 20
  • Possible Use: Development, Multi-Family, Single Family, Subdivision
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Unimproved
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Interior: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Agent
Sale and Listing
  • Property Class Name: CrossProperty

Property History for 503-519 Sorrell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 503-519 Sorrell Street

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Kingswood Elementary
PublicPK to 5

Reedy Creek Middle
Public6 to 8

Cary High
Public9 to 12

Connections Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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503-519 Sorrell Street is a 2.17 ac of land for sale in Cary, NC 27513. This property was listed for sale on September 9, 2024 by The Douglas Realty Group, it's currently listed at $3,100,000. This listing's school district is Wake County School District. Nearby schools include Kingswood Elementary, Reedy Creek Middle and Cary High. 503-519 Sorrell Street is a 0-bed, 0-bath, 2.17 ac of land on a 94,525 sq. ft. / 2.17 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Douglas Realty Group

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