1929 Chapel Hill RdDurham, NC 27707

Property Details for 1929 Chapel Hill Rd

Year built

2001

Lot size

0.52 AC

Property size (Sq ft)

2,897 SF

Zone code

CN

Property type

Turn key restaurants

APN

107957

APU

107957

Description

This exceptional retail property, located at 1929 Chapel Hill Road in Durham, North Carolina, presents a unique investment opportunity. Situated on a 0.52-acre lot within the thriving Lakewood Shopping Center, this property benefits from high visibility and foot traffic due to its location on a well-travelled route. The property includes both land and building, offering significant potential for a variety of retail businesses. The surrounding area is experiencing considerable growth and boasts a vibrant mix of established businesses, including boutique shops, diverse restaurants, a grocery store, and the Scrape Exchange, ensuring a strong customer base and synergistic environment. The sale price is $500,000 and is subject to an existing lease. Prospective buyers are kindly requested to refrain from contacting the current tenant. This is an excellent chance to acquire a well-positioned retail space in a rapidly developing area of Durham. The square footage of the building is not currently available. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $880,487

  6.5%

  $812,757

  7%

  $754,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,675,743

  Geo Method

  $1,675,743

• Alternative Use

  Use

  Valuation

  Residential

  $685,591

  Hospitality

  $627,998

  Educational

  $522,487

  Medical

  $540,456

  Retail

  $812,757

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9871

Longitude

-78.926

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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