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    170 Cherokee Dr Chapel Hill, NC 27517

    Sponsored
    For Sale
    $100,000

    1.15-acre lot, flexible build options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.15-acre commercial land parcel presents a unique opportunity in Chapel Hill, North Carolina. Located at 170 Cherokee Drive, Chatham County, zip code 27517 (35.8509539, -79.071534), this property is zoned R-1 and offers unparalleled flexibility. Buyers can enjoy the freedom to choose their own builder and construction timeline, making it ideal for a variety of projects. The lot's secluded setting, tucked away off a private road connecting to Old Lystra Road, provides a peaceful atmosphere while remaining conveniently close to key areas. Enjoy easy access to the University of North Carolina, downtown Chapel Hill, Chatham Park, Raleigh-Durham International Airport (RDU), and the Research Triangle Park (RTP). This unrestricted property boasts no covenants, HOA fees, or RMA restrictions, allowing for diverse development possibilities. Modular homes, log cabins, and even hobby garages are all permitted. An additional lot is also available for purchase, presenting an opportunity for expansion or investment. This is a rare chance to acquire a versatile commercial lot in a highly desirable location. The asking price is $100,000.

    Property Features for 170 Cherokee Dr

    General Information

    Property type
    Land
    Lot Size
    50,094 SF

    HighLights

    • $100,000 asking price for 1.15 acres of commercial land.
    • Located at 170 Cherokee Dr, Chapel Hill, NC 27517 in Chatham County.
    • R‑1 zoning.
    • Flexible build timeline; buyer chooses builder.
    • Convenient to UNC, Chapel Hill, Chatham Park, RDU, and RTP.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Hair Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Wholesale Shop Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.071534
    Latitude
    35.8509539

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    FAQs

    What type of property is this?
    Land - 1.15-acre lot, flexible build options.
    Where is this land located?
    The property is located at 170 Cherokee Dr Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: $100,000 asking price for 1.15 acres of commercial land.; Located at 170 Cherokee Dr, Chapel Hill, NC 27517 in Chatham County.; R-1 zoning.
    (919) 542-0523
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    170 Cherokee Dr Chapel Hill, NC 27517
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