Avison Young is pleased to present the Barbee Chapel Road Assemblage. The Property consists of 8.83 acres located at 5101 Barbee Chapel Road, with gently rolling topography, visibility from Highway 54, proximity to Interstate 40 and frontage to Barbee Chapel Road. The Property is well located for a unique opportunity to develop a mix of uses such as commercial, retail, off-campus student housing, graduate housing or conventional multifamily. The Barbee Chapel Road Assemblage is currently zoned RU-2 in Chapel Hill’s Zoning jurisdiction with the future land-use plan calling for mixed-use, multifamily residential or commercial/office. The Property's highest and best use is in maximizing the use of multifamily as the rents in the market can support various apartment building types including garden, high-density surface parking and builds utilizing structured parking. This is a rare opportunity to develop in the highly sought after and high-barrier-to-entry Chapel Hill market.