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705 W Rosemary St 2,375 SF 100% Leased Retail Building Chapel Hill, NC 27516 $900,000 ($378.95/SF)



Investment Highlights
- Mixed-use configuration with bar/restaurant space on the ground floor and leased upper-level premises.
- Walkable location near UNC campus, Weaver Street Market, and Carrboro nightlife.
- Excellent opportunity for owner-operators seeking additional rental income.
- Furniture, fixtures, and equipment for the bar included in sale price.
- Positioned in a high-traffic, amenity-rich corridor with strong pedestrian connectivity.
Executive Summary
This unique mixed-use property offers a dynamic investment opportunity in the heart of vibrant Downtown Carrboro, providing proximity to the University of North Carolina at Chapel Hill and a rich array of surrounding lifestyle amenities. The building includes a fully built-out, second-generation bar space on the ground level, complete with patio seating and all furniture, fixtures, and equipment included in the purchase price. The upper level features an income-producing tenant space, creating an immediate revenue stream for the new owner.
Situated along West Rosemary Street at Sunset Drive, the property is surrounded by cultural attractions including Cat’s Cradle, Weaver Street Market, and Carr Mill Mall, as well as a diverse selection of retail shops, restaurants, and nightlife venues. Its walkability and connectivity with the surrounding Chapel Hill-Carrboro market emphasize its appeal for both investors seeking stable returns and operators looking for a prime owner-occupant opportunity. Limited availability in this thriving corridor further enhances the long-term potential of this asset.
Situated along West Rosemary Street at Sunset Drive, the property is surrounded by cultural attractions including Cat’s Cradle, Weaver Street Market, and Carr Mill Mall, as well as a diverse selection of retail shops, restaurants, and nightlife venues. Its walkability and connectivity with the surrounding Chapel Hill-Carrboro market emphasize its appeal for both investors seeking stable returns and operators looking for a prime owner-occupant opportunity. Limited availability in this thriving corridor further enhances the long-term potential of this asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,375 SF
Building Class
C
Year Built
1952
Price
$900,000
Price Per SF
$378.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.73
Lot Size
0.03 AC
Zoning
B1-G - B1-G with Restaurant District Overlay, Residential High Density and Commercial Overlay Zoning District
Frontage
22’ on Rosemary St
Amenities
- Bus Line
- Signage
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9788063493 | Improvements Assessment | $372,800 |
| Land Assessment | $78,900 | Total Assessment | $451,700 |
Property Taxes
Parcel Number
9788063493
Land Assessment
$78,900
Improvements Assessment
$372,800
Total Assessment
$451,700
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Presented by
Jain Realty
705 W Rosemary St
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