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    406 Rosemary St Chapel Hill, NC 27516

    Sponsored
    For Sale
    $1,100,000

    Prime location, high growth potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 406 W Rosemary St in Chapel Hill, North Carolina, presents a compelling investment opportunity. Situated on a 0.23-acre lot (APN 9788162712), this property is zoned TC-2, allowing for a variety of commercial uses. The asking price is $1,100,000. Its strategic location offers unparalleled access to a vibrant and densely populated area. Less than half a mile from the University of North Carolina campus and in close proximity to Franklin Street, this property benefits from high foot traffic and a strong demand for commercial space. The surrounding area is characterized by thriving mixed-use developments, ensuring a consistent flow of customers and tenants. The property's proximity to numerous dining and retail establishments further enhances its appeal and potential for success. This is an ideal opportunity for investors seeking a high-return property in a rapidly growing market, with the potential for significant appreciation and strong rental income. The property's versatility and prime location make it an attractive investment for both seasoned and emerging investors looking to capitalize on the dynamic Chapel Hill market. This is a rare opportunity to acquire a mixed-use property in a highly sought-after location within Orange County, NC, zip code 27516.

    Property Features for 406 Rosemary St

    General Information

    Property type
    Land
    Lot Size
    10,019 SF

    HighLights

    • Mixed‑use property at 406 W Rosemary St, Chapel Hill, NC.
    • 0.23‑acre lot (APN 9788162712), TC‑2 zoning.
    • Asking price: $1,100,000.
    • Prime location, <0.5 mile from UNC campus and Franklin Street, high foot traffic.
    • Strong demand for commercial space in a thriving mixed‑use area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hair Expressions Hair Salon Hair stylist by ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0631153
    Latitude
    35.9116556

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    FAQs

    What type of property is this?
    Land - Prime location, high growth potential.
    Where is this land located?
    The property is located at 406 Rosemary St Chapel Hill, NC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Mixed-use property at 406 W Rosemary St, Chapel Hill, NC.; 0.23-acre lot (APN 9788162712), TC-2 zoning.; Asking price: $1,100,000.
    Request Owner's contact information
    406 Rosemary St Chapel Hill, NC 27516
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    Chapel Hill, NC 27516
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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
    406 Rosemary St Chapel Hill, NC 27516
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