Entitled Light Industrial Land
For Sale
Contact for pricing
Pending
7000 & 7001 Millhouse Road, Chapel Hill, NC 27516
Entitled 12.03-acre parcel in Chapel Hill with LICZD zoning and approval capacity for up to 405,000 SF.
Property SizeContact for details
Lot Size12.03 Acres
Days on Market121
Property Features for 7000 & 7001 Millhouse Road
General Information
Standard status
Pending
Lot size
12.03 Acres
Property subtype
Land
Zoning
LICZD
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Foundry Commercial Raleigh
(919) 576-2680
Listed By:
Karl Hudson IV · License #NC 249294
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 11:25AM
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 Foundry Commercial Raleigh
Investment Insights
Based on property information with market context.
Foundry Commercial presents an entitled light industrial land parcel totaling 12.03 acres in Chapel Hill. The property holds an Innovative Light Industrial Conditional Zoning District (LICZD) designation within the Town of Chapel Hill and is entitled for up to 405,000 square feet of light industrial, lab, biotech, flex, storage, and office space.
The parcel is located on Millhouse Road in Northern Chapel Hill, with access to the broader area including 1-40 and Hwy 86, as well as nearby planned and mixed-use developments mentioned in the remarks.
The property also features form-based zoning within the Town of Chapel Hill, which is described as offering greater flexibility through completion of final site design and construction approval.
The parcel is located on Millhouse Road in Northern Chapel Hill, with access to the broader area including 1-40 and Hwy 86, as well as nearby planned and mixed-use developments mentioned in the remarks.
The property also features form-based zoning within the Town of Chapel Hill, which is described as offering greater flexibility through completion of final site design and construction approval.
Key Highlights
- 12.03‑acre entitled land parcel for sale in Northern Chapel Hill, on Millhouse Road
- Innovative Light Industrial Conditional Zoning District (LICZD) designation within the Town of Chapel Hill
- Entitled capacity for up to 405,000 SF of light industrial, lab, biotech, flex, storage, and office space
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Entitled 12.03-acre parcel in Chapel Hill with LICZD zoning and approval capacity for up to 405,000 SF.
Where is this industrial land located?
The property is located at 7000 & 7001 Millhouse Road Chapel Hill, NC.
What are key features of this property?
This property features: 12.03‑acre entitled land parcel for sale in Northern Chapel Hill, on Millhouse Road; Innovative Light Industrial Conditional Zoning District (LICZD) designation within the Town of Chapel Hill; Entitled capacity for up to 405,000 SF of light industrial, lab, biotech, flex, storage, and office space
