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    OFF-MARKET
    Commercial real estate

    170 Cherokee Dr, Chapel Hill, NC 27517

    1.15 ac lot
    Property ID
    US53-3900200
    Property summary
    AI-generated overview

    This exceptional 1.15-acre commercial land parcel presents a unique opportunity in Chapel Hill, North Carolina. Located at 170 Cherokee Drive, Chatham County, zip code 27517 (35.8509539, -79.071534), this property is zoned R-1 and offers unparalleled flexibility. Buyers can enjoy the freedom to choose their own builder and construction timeline, making it ideal for a variety of projects. The lot's secluded setting, tucked away off a private road connecting to Old Lystra Road, provides a peaceful atmosphere while remaining conveniently close to key areas. Enjoy easy access to the University of North Carolina, downtown Chapel Hill, Chatham Park, Raleigh-Durham International Airport (RDU), and the Research Triangle Park (RTP). This unrestricted property boasts no covenants, HOA fees, or RMA restrictions, allowing for diverse development possibilities. Modular homes, log cabins, and even hobby garages are all permitted. An additional lot is also available for purchase, presenting an opportunity for expansion or investment. This is a rare chance to acquire a versatile commercial lot in a highly desirable location. The asking price is $100,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.15 ac (50,094 SF)
    UPID US53-3900200
    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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