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.