The Courtyard of Chapel Hill — Sale in Chapel Hill, NC
- Price: $9.1M
- Listing type: For sale
- Asset type: Retail Business
- Location: Chapel Hill, NC 27516
- Size: 18,670 SF
- Year built: 1982
Photos
Investment Figures
- Price per square foot
- $485
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Jones Lang LaSalle, Inc., a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for The Courtyard of Chapel Hill, a mixed use property offering desirable student housing amongst a successful and an eclectic collection of local retail. The property is located in the heart of Chapel Hill (less than 1/2 mile from UNC’s campus) on Franklin Street (13,000 VPD), Chapel Hill’s most vibrant retail corridor. The Courtyard of Chapel Hill offers investors a unique retail and residential asset in the supply constrained and highly sought after Chapel Hill market. The high barriers of entry limit future development along Franklin St. However, what makes this opportunity so special, is the potential to assemble adjacent surface parking and land lots. The Courtyard of Chapel Hill is the anchor to this hard corner and critical for any potential long-term assemblage plans.
Market Context
This retail in Chapel Hill, NC is listed for sale at $9,062,000 across 18,670 SF. The building dates to 1982. Compare it against other retail listings for sale in Chapel Hill, NC — view the full market.
Contact
- Tom Kolarczyk · 7045262813 · tom.kolarczyk@jll.com
- Ryan Gavigan · 7049969183 · ryan.gavigan@jll.com
- Ben Bury · 7045262865 · ben.bury@jll.com
- Andrew Jomantas · 7048045753 · andrew.jomantas@jll.com
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