5101 Barbee Chapel Rd
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5101 Barbee Chapel Rd
8.83 Acres of Commercial Land in Chapel Hill, NC 27517
Executive Summary
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.
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.
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 8.83 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 8.83 AC |
1 Lot Available
Lot
| Lot Size | 8.83 AC |
| Lot Size | 8.83 AC |
Description
The Property is located in Durham County but under the Chapel Hill zoning jurisdiction. It is currently zoned RU-2, allowing for various types of lower density residential uses. The future land-use plan calls for a mix of uses including multifamily, retail and commercial.
1 of 1
zoning
| Zoning Code | CHAP HILL |
| CHAP HILL |
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5101 Barbee Chapel Rd
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