Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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