919-420-1568
1520 E Franklin St, Chapel Hill, NC for Sale
Medical - FOR SALE
1/6
null | Request Cap Rate

1520 E Franklin St
Chapel Hill, NC 27514
University Place


HIGHLIGHTS

  • Just two miles from both University of North Carolina at Chapel Hill and Interstate-40
  • Professionally managed and maintained property since it was originally developed in 1995
  • 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 vehicles per
  • Immediately adjacent to bus stop with service connecting UNC Hospitals and Eastowne
  • Adaptable building with flexible zoning capable of accommodating a variety of uses

OVERVIEW

Avison Young is pleased to present a unique commercial property strategically located along Franklin Street. The property consists of a brick veneer building constructed in 1995 and totaling 7,188 square feet. Set on 1.13 acres, the property offers 3.6/1,000 surface parking with the potential to accommodate 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, and the location on E. Franklin Street offers seamless access to both Interstate 40 and 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

10,324 SF

ZONING

OI-2-C

APN/PARCEL ID

9799044076

ASK ABOUT THIS PROPERTY

Blake R. ThomasAvison YoungMore Info
919-420-1568

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Blake R. ThomasAvison YoungMore Info
919-420-1568

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