Property profile

0 Old Durham Rd & Cooper St Chapel Hill, NC 27517

OFF-MARKET
Retail properties & Spaces
0.88 ac lot
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Property summary

AI-generated overview

This exceptional 0.88-acre outparcel, situated at the prominent intersection of Old Durham Road and Cooper Street in Chapel Hill, North Carolina, presents a unique investment opportunity. Zoned NC (Neighborhood Commercial), this property offers significant potential for a variety of retail uses. The site boasts 98 parking spaces, ensuring ample convenience for customers. Its location within the thriving Chapel Hill submarket, specifically near a Wegmans Center, guarantees high visibility and accessibility to a substantial consumer base. The single-tenant nature of the property simplifies management and leasing, making it an attractive option for investors seeking a low-maintenance, high-return asset. The property's 0.88-acre lot size provides ample space for development or redevelopment, allowing for flexibility in tenant selection and design. Located in Orange County, this property benefits from the strong economic growth and vibrant community of Chapel Hill, a highly desirable area in North Carolina. The address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This prime retail location offers a compelling opportunity for long-term growth and profitability. The property is currently available for lease.

Property profile

Verified
Property type Retail properties & Spaces
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Old Durham Rd & Cooper St Chapel Hill, NC 27517
Chapel Hill metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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