1506 E Franklin St - Office CONDO FOR SALE


Chapel Hill, NC 27514- University Place
$282,000 USD
828-434-0678
1506 E Franklin St, Chapel Hill, NC for Sale
$282,000 USD
Office CONDO - FOR SALE
1/22
null | Request Cap Rate

1506 E Franklin St
Chapel Hill, NC 27514
University Place


OVERVIEW

Prime Office Condo in Chapel Hill’s Gateway Corridor – 1506 E. Franklin St, Suite 203 Discover an exceptional office opportunity in one of Chapel Hill’s most convenient and connected locations. Suite 203 at 1506 E. Franklin Street offers a functional and professional office environment just steps from University Place, which is undergoing a major redevelopment that will further elevate the surrounding area with new retail, restaurants, and community amenities. This office condo is situated within a well-maintained, multi-tenant building featuring a strong mix of medical practices, professional service firms, and a Regus co-working center, creating a dynamic business ecosystem ideal for a wide range of users. The layout and setting make it an excellent fit for an owner-operator, while the steady demand for small professional office suites in this corridor also gives the property versatility as a potential investment opportunity. Enjoy ample on-site parking, a significant advantage in Chapel Hill’s core commercial district. Owners benefit from streamlined operations—POA dues cover all utilities, offering predictable expenses and simplified management whether the suite is occupied by your business or leased to a tenant. With its strategic location, professional environment, and easy access from Franklin Street, Estes Drive, and 15-501, Suite 203 positions your business—or your investment portfolio—at the center of one of Orange County’s most active and evolving commercial corridors. Key Highlights Excellent location near the transformative redevelopment of University Place Strong tenant mix including medical, professional services, and co-working Ideal for owner-users; also viable as a small office investment property Abundant on-site parking POA dues include all utilities Convenient access to 15-501, UNC-Chapel Hill, and downtown Chapel Hill A polished, flexible office suite in a thriving location—perfect for today’s professional user with the added upside of future investment potential.

FOR SALE DETAILS

PRICE

$282,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

32,000 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

188

LAND DETAILS

LAND ACRES

5.44 AC

LAND SF

236,966 SF

ZONING

OI

APN/PARCEL ID

9799032207.028

ASK ABOUT THIS PROPERTY

Lew HendricksBold Commercial Real EstateMore Info
828-434-0678

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Lew HendricksBold Commercial Real EstateMore Info
828-434-0678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.