209 Providence Rd Chapel Hill, NC 27514-2231
This exceptional 1,545 square foot executive office condo in Chapel Hill, North Carolina, presents a unique investment opportunity. Located at 209 Providence Rd, this Class B property is priced at $275,000 ($177.99/sq ft) and boasts a desirable townhouse-style design. Built in 1982, the single-story building features one unit within a single building, zoned O&I1. The interior is thoughtfully designed with a reception area, three private offices, a full bathroom, and a convenient efficiency kitchen. Two waiting rooms provide ample space for clients. A walk-out lower level adds versatility. Water is included in the property expenses. The property's previous use as a therapist's office highlights its soundproofing, ensuring privacy for occupants. Its convenient location offers proximity to UNC Eastown medical (.3 miles) and the I-40/15-501 intersection (.5 miles), providing excellent accessibility. The existing office furniture is negotiable, offering flexibility for the new owner. This turnkey property is currently vacant and ready for immediate occupancy. This is an ideal opportunity for a business seeking a well-appointed, private, and conveniently located office space.
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Dr. Erin Kelley Haley Physician Medical Clinic
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Judith Barnett, Ph. D Family Counselor Marriage Or Relationship Counselor
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After Infidelity or an Affair (Affair Proofing) Marriage Or Relationship Counselor Family Counselor
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Marriage Counselor | Coach Counselor
The Office or Institutional-2 (OI-2) district is intended to provide for medium intensity office and institutional development
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
OI-2 · Chapel Hill, NCThe Office or Institutional-2 (OI-2) district is intended to provide for medium intensity office and institutional development
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.