406 Rosemary StChapel Hill, NC 27516

Property Details for 406 Rosemary St

Year built

1927

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

1,486 SF

Zone code

TC2

Property type

Commercial real estate

APN

9788-16-2712

APU

9788162712

Description

This exceptional mixed-use property, located at 406 W Rosemary St in Chapel Hill, North Carolina, presents a compelling investment opportunity. Situated on a 0.23-acre lot (APN 9788162712), this property is zoned TC-2, allowing for a variety of commercial uses. The asking price is $1,100,000. Its strategic location offers unparalleled access to a vibrant and densely populated area. Less than half a mile from the University of North Carolina campus and in close proximity to Franklin Street, this property benefits from high foot traffic and a strong demand for commercial space. The surrounding area is characterized by thriving mixed-use developments, ensuring a consistent flow of customers and tenants. The property's proximity to numerous dining and retail establishments further enhances its appeal and potential for success. This is an ideal opportunity for investors seeking a high-return property in a rapidly growing market, with the potential for significant appreciation and strong rental income. The property's versatility and prime location make it an attractive investment for both seasoned and emerging investors looking to capitalize on the dynamic Chapel Hill market. This is a rare opportunity to acquire a mixed-use property in a highly sought-after location within Orange County, NC, zip code 27516.

• Alternative Use

  Use

  Valuation

  Residential

  $351,670

  Hospitality

  $322,128

  Educational

  $268,007

  Medical

  $277,224

  Retail

  $416,899

Location Insight

City

Chapel Hill

County

Orange

State

North Carolina

Latitude

35.9118

Longitude

-79.0631

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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