Weston Commons
Land
Marketing description
Foundry Commercial, a North Carolina Broker, Has Been Retained as the Exclusive Agent for The Owner of Weston Commons (the “property”), Consisting of ±3.39 Acres to the North and ±5.31 Acres to the West Providing a Commercial/retail Development Opportunity Located in North Cary at the High Visibility Evans Road (18,000 VPD) and Weston Parkway (17,500 VPD) Intersection. The Site Consists of Rough-graded Pads With in-place Municipal Water, Sewer, and Stormwater Infrastructure. The Immediate Area Has a Strong Residential Presence, as Well as A Robust Employer Base Supported by Lakeview and Centre Green Business Parks, Home to Metlife, Biologics, Inc., Pennymac, and Intel Corporation. The Immediate Area Surrounding The Site Significantly Lacks Established Retail Offerings Despite the Nearby Demographics and Residential Density.
In-place Zoning for the Site Can Provide by-right Development for a Wide Range of Commercial Uses Including Retail Stores, Restaurants, and Offices for a Diverse User Base. The Site is Located Within the Weston Major Planned Development District (PDD) and is Zoned Office and Institutional (O&i) With a Commercial District Overlay (CDO). The CDO Allows for a Wide Range of Commercial Uses Which Opens the Site Up to a Diverse Range of End Users. Due to the High Visibility Location and Heavily Trafficked Interchange, the Evans and Weston Site Provides For a Unique Retail/commercial Development Opportunity Supported by Over 3M Sf of Office Space, but Less Than 40K Sf of Retail Within a One-mile Radius of the Site.
The Site is Located Three Minutes From Highway 54, Five Minutes From I-40, and 10 Minutes From I-540. The Immediate Area is Supported by Highwoods Properties Lakeview and Centre Green Office Parks Home to High Profile Tenants Such as Metlife, Biologics, Inc., and Pennymac. Additionally, Spark Ls Located 2 Miles to the North of the Site is Under Construction on 1.5M Sf Of World-class Lab and Bio Manufacturing Space, Which Will Deliver Phase I in Q4 2023. The Surrounding Area is Strongly Supported by Research Triangle Park, Consisting of Over 7,000 Acres and is Home to Hundreds of Companies From Science and Technology to Government And Academic Institutions and Continues to Be a Leading Employment Provider for the Triangle Area.
Investment highlights
- High visibility location with 18,000 VPD
- Robust demographics with average household income of $143,000 within one-mile
- Rough-graded pads with in-place sewer, water, and stormwater infrastructure
- Commercial District Overlay provides for a wide range of development options
- Strong nearby residential and employer base
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?













