Corner Development Land
For Sale
$8,995,000
1407 E Franklin, Chapel Hill, NC 27514
For sale corner lot comprised of two adjoining parcels on E Franklin Street, with prominent road frontage and easy access to I-40.
Property SizeContact for details
Days on Market310
Property Features for 1407 E Franklin
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Corner Lot
Suburban
Wooded
Listing Agency:
DAYMARK REALTY LLC
(919) 882-6700
Listed By:
LOUIS A GUILLAMA · License #249287
Source:
Corcoran
Added: Oct 17, 2025
Changed: Aug 19
Last Checked: Aug 21 at 7:34AM
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 DAYMARK REALTY LLC
Investment Insights
Based on property information with market context.
This for-sale corner development land package features two adjoining lots at the corner of N Estes Drive and E Franklin Street. The sale includes 1403 and 1407 E Franklin Street, providing a single site opportunity for a future landmark development on a high-density corridor transitional area.
The property is positioned for strong connectivity, with easy access to I-40, downtown Chapel Hill, and public transit as referenced in the public remarks. Road frontage is a key attribute of the site, supporting visibility and convenient vehicular access for a new build.
Interested parties should review the included parcel details for confirmation of frontage and buildable configurations prior to pursuing development plans.
The property is positioned for strong connectivity, with easy access to I-40, downtown Chapel Hill, and public transit as referenced in the public remarks. Road frontage is a key attribute of the site, supporting visibility and convenient vehicular access for a new build.
Interested parties should review the included parcel details for confirmation of frontage and buildable configurations prior to pursuing development plans.
Key Highlights
- Corner lot comprised of two adjoining parcels on E Franklin Street (includes 1403 and 1407 E Franklin Street).
- Prominent road frontage at the corner of N Estes Drive and E Franklin Street.
- Located in the 15‑501 high density corridor transitional area.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - For sale corner lot comprised of two adjoining parcels on E Franklin Street, with prominent road frontage and easy access to I-40.
Where is this commercial land located?
The property is located at 1407 E Franklin Chapel Hill, NC.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: Corner lot comprised of two adjoining parcels on E Franklin Street (includes 1403 and 1407 E Franklin Street).; Prominent road frontage at the corner of N Estes Drive and E Franklin Street.; Located in the 15‑501 high density corridor transitional area.
