1708-1712 Legion Rd | Chapel Hill, NC 27517
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1708-1712 Legion Rd
Chapel Hill, NC 27517
Land For Sale · 3.33 AC
Investment Highlights
- The site next door is in line to be developed into Multi-Family units in the near future.
Executive Summary
Uses being discussed for the American Legion Site include retail, office, housing, and recreational activities.
¦ Currently a class A office building, hotel, and four stories of new apartments all are located across the street.
¦ No value has been given to the two small (728 SF & 780 SF) residential rental properties on site, but rental income could help to defer development expenses while a Buyer is getting approvals from the Town.
¦ Currently a class A office building, hotel, and four stories of new apartments all are located across the street.
¦ No value has been given to the two small (728 SF & 780 SF) residential rental properties on site, but rental income could help to defer development expenses while a Buyer is getting approvals from the Town.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 3.33 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 3.33 AC |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 3.33 AC |
| Price Per AC | $900,901 |
| Price | $3,000,000 |
| Price Per AC | $900,901 |
| Lot Size | 3.33 AC |
+/-3.33 acres next to the Town of Chapel Hill’s 35+ acre “American Legion Site”
Description
+/-3.33 acres next to the Town of Chapel Hill’s 35+ acre “American Legion Site”
zoning
| Zoning Code | R-2 & R-4 (Residential) |
| R-2 & R-4 (Residential) |
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