109 Church StChapel Hill, NC 27516

Property Details for 109 Church St

Year built

1952

Lot size

0.58 AC

Property size (Sq ft)

414 SF

Zone code

TC-2

Property type

Office buildings

APN

9788-27-4180

APU

9788274180

Description

This exceptional 6,000 square foot retail space is available for lease at 109 Church Street in Chapel Hill, North Carolina. Located in Orange County, this single-tenant property presents a unique opportunity for businesses seeking a prominent location in a vibrant and thriving community. The entire 6,000 square feet is currently vacant, offering a blank canvas for a prospective tenant to customize the space to perfectly suit their needs. The property's address, 109 Church Street, places it within easy reach of a high volume of foot traffic and enjoys excellent visibility. This makes it ideal for a wide range of retail businesses, from boutiques and restaurants to service providers and specialty shops. The property's size allows for ample space for inventory, display, and customer service areas. Chapel Hill's strong economy and diverse population provide a robust customer base for any business operating in this location. The property is classified as commercial retail and offers a single tenancy, ensuring exclusive use and control of the entire space. This presents a rare opportunity to establish a significant presence in a highly desirable area of Chapel Hill. Interested parties are encouraged to inquire for lease terms and conditions. The property is situated at 35.9128324 latitude and -79.0587642 longitude, in zip code 27516.

• CAP approach

  CAP return

  Valuation

  6%

  $85,597

  6.5%

  $79,012

  7%

  $73,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,030

  Geo Method

  $95,030

• Alternative Use

  Use

  Valuation

  Residential

  $97,975

  Hospitality

  $89,745

  Educational

  $74,667

  Medical

  $77,235

  Retail

  $116,148

Location Insight

City

Chapel Hill

County

Orange

State

North Carolina

Latitude

35.9128

Longitude

-79.0589

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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