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Retail Space in Lakewood Center
For Sale
$500,000

1929 Chapel Hill Road, Durham, NC 27707

Retail space for sale in a popular Durham location.

Property SizeContact for details
Days on Market2603

Property Features for 1929 Chapel Hill Road

General Information

Standard status Active
Property subtype Retail

Amenities

3
108x150x106x204x15
Listing Agency: Upton Realty
Listed By: Reformation Asset Management
Source: Xome
Added: Jul 7, 2019 Changed: Aug 12 Last Checked: Aug 20 at 4:30AM

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 Upton Realty

Investment Insights

Based on property information with market context.

This retail space is located on a well-traveled route in the increasingly popular Lakewood Shopping Center area of Durham. The property is surrounded by boutique establishments, unique eateries, a grocery store, and the Scrape Exchange. The sale includes the land and the building, and is subject to the existing lease. The property is located at 1929 Chapel Hill Road, Durham, NC 27707.

Key Highlights

  • Prime location on a well‑traveled route in the increasingly popular Lakewood Shopping Center area of Durham.
  • Surrounded by boutique establishments, unique eateries, a grocery store, and the Scrape Exchange.
  • Includes both the land and the building.

Property Analytics

Current Use

Azteca Grill Restaurant

Suggested Use

Top Pick Dental Office Building Supply Law Firm Real Estate Agency HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

395
Businesses Nearby
21k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 80% Shops & Services 20%
Food Lion Grocery Store Groceries
16,488 visits/mo 0.2 miles
Dollar General Shops & Services
4,035 visits/mo 0.1 miles

Demographics for 27707, NC

49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for sale in a popular Durham location.
Where is this retail space located?
The property is located at 1929 Chapel Hill Road Durham, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime location on a well‑traveled route in the increasingly popular Lakewood Shopping Center area of Durham.; Surrounded by boutique establishments, unique eateries, a grocery store, and the Scrape Exchange.; Includes both the land and the building.
More about this property
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