Restore this 1952 home to its original glory or build your new dream home, residential project, or office building just a few steps from the center of Cary’s downtown revitalization project. Zoned for Mixed-Use, this property located at 306 East Chatham St. is within the Downtown Business Improvement District. The downtown revitalization is focused on facilitating private redevelopment efforts to leverage the Town’s investments in the core area and revitalization through physical improvements and downtown activities.
This property is located next door to two multi-million dollar multi-family residential properties, Chatham Walk and Urban Place. Chatham Walk is a boutique condominium collection that sold out months before completion.
It was built initially by Gordon & Edna Ferrel, who lived in the home from 1951-2001. Gordon was known to be the city plumber.
The property was purchased by Skywalker Holding company and converted to a commercial office.
The property is currently being leased and occupied by an outstanding tenant, Everblue Services, LLC.
The property has maintained
a positive income as an investment property for more than 17 years.
The property can be updated to a fabulous single-family home. It also has the potential to be an office building or a multi-family residential building. Since the property is zoned mixed-use, it can accommodate commercial space on the ground floor with multiple floors of residential space above.
