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    OFF-MARKET
    Retail properties & Spaces

    0 Chapel Hl Blvd & I-40, Durham, NC 27707

    408,065 SF
    Property ID
    Property summary
    AI-generated overview

    New Hope Commons presents a unique opportunity within a thriving Durham County power center. This established retail property boasts a total of 408,065 square feet and offers a single, immediately available suite measuring 900 square feet. Ideal for a variety of commercial uses, the space is particularly well-suited for businesses catering to the affluent and highly educated demographics of Durham and Chapel Hill. The property's strategic location within New Hope Commons ensures high visibility and accessibility, benefiting from ample parking with 2,126 spaces available for customers and employees. The existing tenant mix within the larger center creates a synergistic environment, fostering a strong customer base. This 900 square foot space represents a chance to establish or expand a business in a prime location within a well-established and successful retail center. The property is categorized as a commercial space, previously used as a hair salon, offering flexibility for various commercial ventures. The substantial size of the overall center, coupled with the available parking, ensures a comfortable and convenient shopping experience for patrons. This is an exceptional opportunity to secure a retail space in a high-demand area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 408,065 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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