$950,000
About this home
Own income-producing real estate near Cary, NC. This 100% leased, 4,125 SF retail building comprised of 3 condos at 594 E Chatham St throws off $66,894 in NOI on day one, a 7.04% cap at the asking price. Fully leased Cary product under $1M with two established local tenants rarely hits the market. Don't miss your chance. Built in 2000; brick, single story, central HVAC $81,888 in-place gross rent; both leases gross, $14,994 total owner expenses NC Strength Gym through 1/2031 (3% bumps); Tully's Tattoo personally guaranteed (4% bumps) Zoned GC (General Commercial); Wake County REID 0285323 Downtown Cary trade area; 10 mi to Raleigh, 12 mi to RTP and RDU
Property details
- MLS #
- 10189756
- Property type
- Retail
- Subdivision
- N/A
- Status
- Active
- Days on market
- 39
- On market date
- August 31, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 495
- Student:teacher ratio
- 12.7:1
- District
- Wake County Schools
- Enrollment
- 697
- Student:teacher ratio
- 13.9:1
- District
- Wake County Schools
- Enrollment
- 2,071
- Student:teacher ratio
- 17.3:1
- District
- Wake County Schools
Walkability
Blended score for Cary's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Cary, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 31, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.