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    OFF-MARKET
    Retail properties & Spaces

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

    2,000 SF 0.88 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Total area 2,000 SF
    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
    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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