Entity Owned Property summary
The property at 102 E Main Street in downtown Carrboro, North Carolina is a second-generation restaurant space located at the intersection of S. Greensboro St and E Main St. It provides approximately 3,265 SF of interior space within a total building size of about 7,865 SF, and the building has undergone significant remodeling that results in a renovated, flexible interior layout suitable for restaurant use. The space includes restaurant-related infrastructure, including a newly installed 2,000-gallon grease trap. The site is positioned for pedestrian-oriented frontage in downtown Carrboro and is roughly 1 mile from the UNC–Chapel Hill campus. On-site parking is available, and a parking deck is under construction behind the building.
Property profile
VerifiedCap rate & NOI
Current use
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Home Decor Store (Bike/Boat/Book/etc) Store
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Hair Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(1) B-1(C) TOWN CENTER BUSINESS. This district is designed to encourage and accommodate a unified, compact, contiguous shopping and entertainment area focused around restaurants, specialty shops, arts and crafts. This ar…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B1C · Carrboro, NC(1) B-1(C) TOWN CENTER BUSINESS. This district is designed to encourage and accommodate a unified, compact, contiguous shopping and entertainment area focused around restaurants, specialty shops, arts and crafts. This ar…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(1) B-1(C) TOWN CENTER BUSINESS. This district is designed to encourage and accommodate a unified, compact, contiguous shopping and entertainment area focused around restaurants, specialty shops, arts and crafts. This ar…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B1C in Carrboro, NC.
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