10970 Chapel Hl Rd Morrisville, NC 27560-6237
- Retail space
- 20,169 SF
- 2.60 lot acres
Current Use by Public Records
- Retail space
Property Details for 10970 Chapel Hl Rd
- Year built
- 2009
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.60 lot acres
- Property size
- 20,169 SF
- Zone code
- RAC
- Property type
- Retail space
- APN
- 0746.02-76-2645 0435311
- APU
- 746027626450435311
Description
This established dry cleaning business in Morrisville, NC, is offered for sale at $700,000. Located at 10970 Chapel Hill Rd, in the Perimeter Park Shopping Center, this Class B, 2,854 square foot business enjoys a prime location near major highways (540, I-40) and RDU Airport, benefiting from high customer traffic due to its proximity to restaurants, hotels, and other retail establishments. The business boasts 100% occupancy and a strong NOI of $699,000. Currently operating under a multi-tenant lease with a remaining term of approximately 2.1 years (expiring 12/31/2026), new lease terms will need to be negotiated with the landlord(s). The property includes two locations: the main Morrisville location (rent/TICAM: $7,727.51) and a smaller pickup/drop-off location in Durham. The business has existing contracts with local hotels for linen services and offers pickup and delivery throughout the area. Branded vehicles are available for separate purchase. The seller is willing to assist with the transition. The property features 2 parking spaces, was built and renovated in 2009, and is zoned RAC. This is a turnkey opportunity for an owner/user seeking a profitable and well-established business.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,182,000
Market price range: $1.22M - $4.79M
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Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8406
- Latitude
- 35.8564
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
