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    OFF-MARKET
    Land

    188 Cherokee Dr, Chapel Hill, NC 27517

    1.15 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.15-acre lot presents a unique opportunity in Chapel Hill, North Carolina. Located at 188 Cherokee Drive, in Chatham County (zip code 27517), this property offers unparalleled flexibility for development. Zoned R-1, the land allows for a variety of uses, including commercial ventures, farming, or recreational pursuits. The property boasts an excellent location, tucked away on a short private road off Old Lystra Road, providing a peaceful setting while remaining conveniently close to UNC, Chapel Hill, Chatham Park, RDU, and RTP. Buyers enjoy the freedom of unrestricted use, with no covenants or HOA restrictions. This translates to a wide range of building possibilities, from modular homes and log cabins to hobby garages – all are permitted. The property's convenient location and flexible building options make it an ideal investment for those seeking a versatile and desirable piece of land in a thriving area. Note that an additional lot is also available. The asking price for this 1.15-acre parcel is $100,000. Latitude and longitude coordinates are 35.8510928, -79.0723785 respectively.

    Property profile
    Verified
    Property type Land
    Lot 1.15 ac (50,094 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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