1512 E Franklin Street, Chapel Hill, NC 27514

This for-sale portfolio includes two office buildings at 1512 and 1516 Franklin Street within Franklin Park. Constructed between 1996 and 1997, the buildings total 50,390 square feet and sit on 4.67 acres of maintained land. The offering is currently 41.2% leased. Ownership is also tied to the Franklin Park Association, a detached land condominium structure, and an incoming owner would control over 85% of the association, supporting greater control over future decisions. Monument signage on Franklin Street provides prominent building identification, and the property includes a parking ratio of 3.4 spaces per 1,000 SF, including 20 covered, reserved spaces.

The site is positioned about two miles from UNC-Chapel Hill, with access to downtown Chapel Hill and nearby retail and healthcare options including Village Plaza and University Place. The in-town infill location also provides quick access to I-40 for routes to Durham, RTP, RDU Airport, and other destinations across the Triangle and Triad.

For tenants and operators, the property offers a well-managed office environment with strong site visibility on Franklin Street, which is supported in the remarks by 23,000 vehicles per day. The recent giveback of Suite 200 in the 1512 building creates a practical opportunity to accommodate a full-floor user or to strategically demise the space to support leasing flexibility.