1925 Chapel Hill RdDurham, NC 27707

Property Details for 1925 Chapel Hill Rd

Year built

1985

Lot size

0.71 AC

Property size (Sq ft)

1,464 SF

Zone code

CN

Property type

Grocery and convenience stores

APN

107969

APU

107969

Description

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

• CAP approach

  CAP return

  Valuation

  6%

  $444,954

  6.5%

  $410,727

  7%

  $381,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $846,837

  Geo Method

  $846,837

• Alternative Use

  Use

  Valuation

  Residential

  $346,464

  Hospitality

  $317,359

  Educational

  $264,039

  Medical

  $273,120

  Retail

  $410,727

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9875

Longitude

-78.9257

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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