1925 Chapel Hl Rd Durham, NC 27707-1165
This exceptional 0.71-acre retail property, located at 1925 Chapel Hill Road in Durham, NC, presents a unique investment opportunity. Situated within the thriving Lakewood Shopping Center, this property benefits from high visibility and significant foot traffic due to its location on a well-traveled route. The property includes both land and building, offering considerable potential for a variety of retail uses. The existing building is currently leased, providing immediate income potential. The surrounding area is experiencing substantial growth, with a vibrant mix of boutique shops, diverse restaurants, a grocery store, and the Scrape Exchange, creating a strong and attractive retail environment. This property is ideal for an investor seeking a stable, income-generating asset in a rapidly developing area of Durham. The sale includes the land and building only
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The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding neighborhood. Compatibility is facilitated through design standards and buffering that provide for walkable, pedestrian-orienteddevelopmentth…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CN · Durham, NCThe CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding neighborhood. Compatibility is facilitated through design standards and buffering that provide for walkable, pedestrian-orienteddevelopmentthat complements nearby residential neighborhoods. The district is not intended for use by major or large-scale commercial sales, service or automotive-oriented activities. The CN District is only appropriate in locations that have direct access to residential neighborhoods.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
