984-369-9833
1520 E Franklin St, Chapel Hill, NC for Sale
Medical - FOR SALE
1/20
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1520 E Franklin St
Chapel Hill, NC 27514
University Place


HIGHLIGHTS

  • Just 2 miles from University of North Carolina at Chapel Hill and Interstate 40, providing exception regional access and exposure to fresh talent.
  • Professionally managed and maintained property since it was originally developed in 1995, an exceptional turnkey asset.
  • Numerous, convenient amenities located nearby at the newly re-imagined University Place, Eastgate Crossing, Village Plaza and Rams Plaza.
  • Prominent monument and building signage along the renowned Franklin Street providing tenants extraordinary visibility to more than 22,000 VPD.
  • Immediately adjacent to bus stop with service connecting UNC Hospitals and UNC Eastowne, a major part of the UNC Medical Center system.
  • Adaptable building with flexible zoning that supports various commercial uses, from retail and office to more specialized industries.

OVERVIEW

Discover a unique commercial property strategically located at 1520 E Franklin Street in Chapel Hill. Constructed in 1995, the single-story property has a classic brick veneer design totaling 7,188 square feet. Set on 1.13 acres, the property offers ample parking at a 3.6 spaces per 1,000-square-foot ratio surface parking, accommodating a wide variety of uses, ranging from general office or healthcare clinic to financial institution or educational facility. Prominent monument and building signage provide exceptional visibility for occupiers to more than 22,000 vehicles per day (VPD). Situated along E Franklin Street, the property offers seamless access to Interstate 40 and an educated labor force from The University of North Carolina at Chapel Hill (UNC). With land and construction prices increasing to new highs, and given the difficulty of new development in Chapel Hill, the offering presents a tremendous opportunity to acquire a first-class asset at a price well below replacement cost in a prime, infill location.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

OI-2-C

APN/PARCEL ID

9799044076

ASK ABOUT THIS PROPERTY

Kathy GigacAvison YoungMore Info
984-369-9833

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Kathy GigacAvison YoungMore Info
984-369-9833

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