1600 E Franklin St - Office FOR SALE


Chapel Hill, NC 27514- University Place
$2,300,000 USD
919-923-3295
1600 E Franklin St, Chapel Hill, NC for Sale
$2,300,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

NEW


1600 E Franklin St
Chapel Hill, NC 27514
University Place


HIGHLIGHTS

  • Corner-lot position on highly visible East Franklin Street
  • Long-term tenancy in place providing income stability
  • Strong regional access near major Chapel Hill and Durham arteries
  • Glass-lined architecture enhances natural light and views
  • Located in an established commercial corridor with affluent demographics

OVERVIEW

1600 E Franklin Street presents a compelling opportunity to acquire a well-positioned professional office asset in one of Chapel Hill’s most visible and strategically connected commercial corridors. Situated on a full one-acre corner parcel, the property offers a commanding street presence along East Franklin Street, one of the region’s most recognized east-west thoroughfares linking Chapel Hill to Durham and the broader Triangle. The building’s modern design features an extensive glass line that delivers abundant natural light and elevated views, supported by elevator access and a layout well suited for professional, medical, or creative office users. Two full floors are secured by a long-term tenancy with Coldwell Banker HPW, providing stability through 2029 and delivering an immediate income foundation for investors seeking predictable cash flow in a supply-constrained market. The asset’s location near major routes including US-501 and Durham-Chapel Hill Boulevard reinforces accessibility for clients and employees from neighboring markets such as Carrboro, Durham, and Research Triangle Park. The surrounding area offers a blend of residential density, daily-needs retail, and professional services that make this corridor a highly desirable business hub.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

R-5

APN/PARCEL ID

9799048307

ASK ABOUT THIS PROPERTY

Mike HickeyTriangle Real Estate Services, LLCMore Info
919-923-3295

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Mike HickeyTriangle Real Estate Services, LLCMore Info
919-923-3295

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