Chapel Hill Freestanding
110 S Estes Dr, Chapel Hill, NC 27514
Two-story building on 0.66 acres in established commercial corridor.
Type:Retail
Property size:
9,800 SFLot size:
0.66 AcresPrice / SF:
$326/SF- Added:
- Feb 3, 2026
- Days on Market:
- 98
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 110 S Estes Dr
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agent Asher Wenig License #10301219652
Listing office SAB Capital
Listing date Feb 3, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
HighLights
- Premier location in a supply‑constrained commercial corridor of Chapel Hill, near University Place and the University of North Carolina at Chapel Hill.
- Short‑term NNN lease with Wake Radiology Services in place through December 31, 2026, providing approximately $278,078 in net operating income.
- Significant flexibility for investors or developers due to the short lease term, allowing for planning and execution of a longer‑term strategy (re‑leasing, adaptive reuse, or redevelopment).
- Favorable site fundamentals including 44 parking spaces (4.49 per 1,000 sq ft), excellent visibility, and access with high traffic count (15,500 vehicles per day).
Overview
Located at 110 S Estes Drive in Chapel Hill, North Carolina, this property features a 9,800 square foot, two-story freestanding building on 0.66 acres. Situated within one of Chapel Hill’s established commercial corridors, the property benefits from visibility and access along S Estes Drive, with exposure to approximately 15,500 vehicles per day. The site includes 44 parking spaces, yielding a parking ratio of 4.49 per 1,000 square feet. The property is currently subject to a NNN lease with Wake Radiology Services through December 31, 2026, generating approximately $278,078 in net operating income. The property is positioned just off University Place, a mixed-use destination. The surrounding area features dense residential neighborhoods and strong daily traffic. The asset is located near the University of North Carolina at Chapel Hill, serving more than 68,000 residents within a three-mile radius with an average household income exceeding $134,000. Zoned CC/R2 and currently configured for medical office/retail use, the existing building footprint and infrastructure lend themselves well to re-leasing, adaptive reuse, or repositioning into single-tenant or multi-tenant retail, medical, quick-service, automotive, or service-oriented concepts.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wake Radiology UNC ...
Medical Clinic
Dr. Philip R. ...
Physician
Location Insight
- Map
- Local Demand
- City
- Chapel Hill
- County
- Orange
- State
- North Carolina
- Longitude
- -79.0328824
- Latitude
- 35.927766
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FAQs
What type of property is this?
Retail space - Two-story building on 0.66 acres in established commercial corridor.
Where is this retail space located?
The property is located at 110 S Estes Dr Chapel Hill, NC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Premier location in a supply‑constrained commercial corridor of Chapel Hill, near University Place and the University of North Carolina at Chapel Hill.; Short‑term NNN lease with Wake Radiology Services in place through December 31, 2026, providing approximately $278,078 in net operating income.; Significant flexibility for investors or developers due to the short lease term, allowing for planning and execution of a longer‑term strategy (re‑leasing, adaptive reuse, or redevelopment).
