Retail Business for Sale in Cary, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cary, NC 27511

Description

Premier Retail Space For Lease Located in the heart of Downtown Cary, Cedar Street Parking Deck will be a premier urban development offering 4,987 SF of ground floor retail and ~300 parking spaces.

Market Context

This retail in Cary, NC is listed for sale. It has been on the market for 148 days. Compare it against other retail listings for sale in Cary, NC — <a href="/search/sale/retail/north-carolina/cary">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$59.62/SF – $80.66/SF

Mid: $70.14/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 7 comparable listings.

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