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    Old Durham Rd & Cooper St Chapel Hill, NC 27517

    Sponsored
    For Sale
    Contact for pricing

    Prime Wegmans-anchored retail space.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,000 square foot retail outparcel presents a compelling investment opportunity in the thriving Chapel Hill, North Carolina market. Situated on a 0.88-acre lot at the intersection of Old Durham Road and Cooper Street, this property benefits from a highly desirable NC (Neighborhood Commercial) zoning designation. The site enjoys a strategic location shadow-anchored by a Wegmans grocery store, ensuring high visibility and significant foot traffic. Adding to its appeal, the property includes 98 conveniently located parking spaces, providing ample parking for customers and employees. This parking is shared with the adjacent Wegmans, offering convenient cross-access and overflow parking capabilities. The property's accessibility is further enhanced by a roundabout at the primary entrance on Old Durham Road, ensuring easy ingress and egress. This combination of prime location, convenient parking, and favorable zoning makes this outparcel an ideal investment for a variety of retail uses. The high barriers to entry in the Chapel Hill submarket contribute to the long-term value and stability of this exceptional property. This is a rare opportunity to acquire a well-positioned retail asset in a highly sought-after location.

    Property Features for 0 Old Durham Rd & Cooper St

    General Information

    Property type
    Retail properties
    Square Feet
    2,000 SF
    Lot Size
    38,333 SF

    HighLights

    • 0.88‑acre retail outparcel shadow‑anchored by Wegmans in Chapel Hill, NC.
    • High barriers to entry in the Chapel Hill submarket ensure long‑term value.
    • NC (Neighborhood Commercial) zoning.
    • 98 shared parking spaces with convenient cross‑access to adjacent Wegmans.
    • Roundabout at Old Durham Road entrance provides easy access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chapel Hill
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0087108
    Latitude
    35.9441977

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    FAQs

    What type of property is this?
    Retail property - Prime Wegmans-anchored retail space.
    Where is this retail property located?
    The property is located at Old Durham Rd & Cooper St Chapel Hill, NC.
    What are key features of this property?
    This property features: 0.88-acre retail outparcel shadow-anchored by Wegmans in Chapel Hill, NC.; High barriers to entry in the Chapel Hill submarket ensure long-term value.; NC (Neighborhood Commercial) zoning.
    (704) 697-1902
    Request Owner's contact information
    Old Durham Rd & Cooper St Chapel Hill, NC 27517
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    Chapel Hill, NC 27517
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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
    Old Durham Rd & Cooper St Chapel Hill, NC 27517
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