Cary, North Carolina, offers a diverse range of Commercial Real Estate for Sale, with 42 listings available. Investing in Commercial Real Estate in Cary can be a lucrative opportunity, as the town's strong economy, driven by technology companies and manufacturing firms, provides a solid foundation for businesses to grow. Commercial Real Estate in Cary can represent various types of investments, including office spaces, retail stores, and restaurants, each offering unique benefits and opportunities. Cary's desirable location, with its proximity to the Research Triangle Park and Raleigh-Durham International Airport, makes it an attractive destination for businesses and individuals alike. The town's amenities, such as the Fred G. Bond Metro Park and WakeMed Cary Hospital, also contribute to its appeal. Additionally, Cary's highly educated population, with a strong presence of Wake Technical Community College's Western Wake Campus, provides a skilled workforce for businesses to tap into.
Cary's Commercial Real Estate market is characterized by its average price per square foot of $379 USD, with an average size of 16,851 square feet and a largest size of 51,982 square feet. The average cap rate for Commercial Real Estate in Cary is 5.46%. In addition to Commercial Real Estate, Cary also offers other property types, including Industrial Properties, which are ideal for manufacturing and logistics companies; Apartment Buildings, which provide a steady income stream; Office Properties, which cater to the town's growing tech industry; and Hotels, which serve the increasing number of tourists and business travelers. With its strong economy, desirable location, and diverse range of property types, Cary is an attractive destination for investors and businesses alike.
When it comes to financing options for purchasing commercial real estate in Cary, North Carolina, there are several alternatives to consider, including:
When considering commercial real estate purchases in Cary, North Carolina, cap rates play a crucial role in determining the potential return on investment. The average cap rate for commercial properties in Cary is 5.46%, which can help investors gauge the property's potential income-generating ability; to learn more about how cap rates work, check out our article on what is a cap rate.
With 42 available listings of commercial real estate in Cary, investors have a range of options to choose from, including properties with varying cap rates. By understanding how cap rates factor into commercial real estate purchases, investors can make informed decisions about which properties are likely to generate the highest returns, taking into account factors such as the property's location, size, and average price per square foot, which is currently $379 USD in Cary.
In Cary, North Carolina, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and manufacturing facilities, which can be found among the 42 available listings of Commercial Real Estate.
These properties often have unique features, such as loading docks, high ceilings, and ample parking, and can range in size from 16,851 square feet to 51,982 square feet, with an average price per square foot of $379 USD and an average cap rate of 5.46%.