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Mixed-Use Property
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Pending

115 and 117 E Franklin Street, Chapel Hill, NC 27514

Commercial property featuring retail space in a two-address configuration.

Property Size1,935 SF
Days on Market142

Property Features for 115 and 117 E Franklin Street

General Information

Standard status Pending
Size 1,935 SF
Property subtype Retail, Office

Additional Details

Cap Rate 5.82%
Listing Agency: Morris Commercial
Listed By: John Morris · License #NC 28460
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 10:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morris Commercial

Investment Insights

Based on property information with market context.

This mixed-use commercial property includes retail space across 1,935 SF at 115 and 117 E Franklin Street in Chapel Hill, North Carolina. The offering reflects a reported 5.82% CAP rate.

Key Highlights

  • 1,935 SF of retail space
  • Reported 5.82% CAP rate
  • Two‑address property at 115 and 117 E Franklin Street

Property Analytics

Current Use

The Hemp Store Chapel ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Storage Facility Locksmith Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,994
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 82% Shops & Services 18%
McDonald's Dining
19,905 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
15,208 visits/mo 0.3 miles
Panera Bread Dining
12,942 visits/mo 0.2 miles
State Employees Credit Union Shops & Services
3,904 visits/mo 0.5 miles
Cold Stone Creamery Dining
3,290 visits/mo 0.1 miles

Demographics for 27514, NC

33,809
Population
11,470
Households
2.9
Avg Household Size
27
Median Age
80%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
1,725
Density / Sq Mi
$94,167
Median Household Income
$25,145
Median Earnings
$1,491
Median Rent
$628,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial property featuring retail space in a two-address configuration.
Where is this mixed-use property located?
The property is located at 115 and 117 E Franklin Street Chapel Hill, NC.
What are key features of this property?
This property features: 1,935 SF of retail space; Reported 5.82% CAP rate; Two‑address property at 115 and 117 E Franklin Street
More about this property
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