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Office Vacant-User

The Fountains

308 W Rosemary St, Chapel Hill, NC 27516

Listing Price: $850,000

Cap Rate
10.35%
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$212.50
Lot Size
0.25 acres
Year Built
2000

Investment Overview

This ~4000/SF Office/Retail Condo is comprised of 3 contiguous suites: 101,102, 103 on street level. These suites are in move-in ready condition, within a mixed-use building; the first three floors are commercial for either office/retail uses and the top (fourth) floor is reserved for residential condo owners.

Ideal site for either an owner/user or value-added investor. This space could be used for a single-tenant concept or with added devising walls could become a multi-tenant opportunity. This property is in a prime Chapel Hill location, next door to 55-unit fully furnished student housing complex called The Warehouse and Marriott's AC Hotel Chapel Hill. This site is in the heart of foot traffic and offers a blank canvas for a variety of businesses (e.g. learning center/school, professional services, salon, health/fitness, retail/convenience store, dental/MOB, office/co-working, or pet- related services).

Investment Highlights

  • Located virtually on the UNC Chapel Hill Campus. Perfect location for businesses looking to target the strong pedestrian foot traffic of about 7.6 Million annually.
  • Strong population near by: 2mi radius is 48,528 and 5 mi radius 112,780
  • Strong Average HH income: 2mi radius is $103,693 & 5 mi radius $139,329

Exclusively Listed By

Financing By

Office Vacant-User

The Fountains

Listing Price: $850,000

Cap Rate
10.35%
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$212.50
Lot Size
0.25 acres
Year Built
2000

Investment Highlights

  • Located virtually on the UNC Chapel Hill Campus. Perfect location for businesses looking to target the strong pedestrian foot traffic of about 7.6 Million annually.
  • Strong population near by: 2mi radius is 48,528 and 5 mi radius 112,780
  • Strong Average HH income: 2mi radius is $103,693 & 5 mi radius $139,329

Investment Overview

This ~4000/SF Office/Retail Condo is comprised of 3 contiguous suites: 101,102, 103 on street level. These suites are in move-in ready condition, within a mixed-use building; the first three floors are commercial for either office/retail uses and the top (fourth) floor is reserved for residential condo owners. Ideal site for either an owner/user or value-added investor. This space could be used for a single-tenant concept or with added devising walls could become a multi-tenant opportunity. This property is in a prime Chapel Hill location, next door to 55-unit fully furnished student housing complex called The Warehouse and Marriott's AC Hotel Chapel Hill. This site is in the heart of foot traffic and offers a blank canvas for a variety of businesses (e.g. learning center/school, professional services, salon, health/fitness, retail/convenience store, dental/MOB, office/co-working, or pet- related services).

Exclusively Listed By

Financing By

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