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101 Ephesus Church Rd

2.3 Acres of Commercial Land Offered at £4,952,064 in Chapel Hill, NC 27517

Investment Highlights

  • Affluent area.
  • Highly desirable area.
  • Easy access to Chapel Hill, I-40, and more.
  • Centrally located.
  • Strong projected growth area.

Executive Summary

Tremendous investment opportunity. Located in the Blue Hill District means that your development will be subject to a form based code. This means quick approvals at the staff level - something historically unheard of in Chapel Hill. Great opportunity for apartments, mixed use and/or office. Concept shows ~300 apartments plus some retail/commercial.

Attachments

Brochure

Property Facts Under Contract

Price £4,952,064 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions Development Sale Proposed Use
Multifamily
  • Apartment Units
No. Lots 1 Total Lot Size 2.30 AC
Price £4,952,064
Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 2.30 AC

1 Lot Available

Lot

Price £4,952,064 Lot Size 2.30 AC
Price Per AC £2,153,071
Price £4,952,064
Price Per AC £2,153,071
Lot Size 2.30 AC

± 2.3 ACRES OF LAND FOR SALE FOR MULTI-FAMILY/MIXED-USE DEVELOPMENT.

Description

The available property is a prime piece of real estate located in the Blue Hill District (formerly the Ephesus/Fordham District) form-based code. Form-based code simplifies the development and entitlement process. All approvals are done through the staff rather than through public input and Commissioners. This gives the developer quick approvals and guaranteed outcomes. This is a truly unique opportunity in Chapel Hill. This incredible redevelopment opportunity for commercial is situated in a highly desirable area of Chapel Hill minutes from a myriad of upscale shopping centers, renowned medical facilities, unparalleled entertainment options, and the University of North Carolina at Chapel Hill.

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PROPERTY TAXES

Parcel Number 9799343950 Improvements Assessment £518,580
Land Assessment £423,897 Total Assessment £942,477

PROPERTY TAXES

Parcel Number
9799343950
Land Assessment
£423,897
Improvements Assessment
£518,580
Total Assessment
£942,477

zoning

Zoning Code WX-7
WX-7
(919) 883-5502 xLA

Contacts

  • Listing ID: 21819731

  • Date on Market: 22/12/2020

  • Last Updated:

  • Address: 101 Ephesus Church Rd, Chapel Hill, NC 27517

The Land Property at 101 Ephesus Church Rd, Chapel Hill, NC 27517 is currently available for sale. Contact Bold Commercial Real Estate for more information.

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© 2024 CoStar Group

101 Ephesus Church Rd
(919) 883-5502 x LA

101 Ephesus Church Rd

1/2

Chris Ehrenfeld

(919) 883-5502

xLA

(919) 883-5502 xLA

Chela Tu

(919) 260-7059

(919) 260-7059

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