Franklin Street Commercial Property
For Sale
Contact for pricing
203 E Franklin St, Chapel Hill, NC 27514
Prime Franklin Street location in Chapel Hill near UNC campus.
Property Size5,118 SF
Price / SF$488.47
Days on Market225
Property Features for 203 E Franklin St
General Information
Standard status
Active
Size
5,118 SF
Class
B
Property subtype
Retail, Hospitality, Mixed Use
Zoning
TC-1
Investment Type
Owner/User
Building Details
Year Built
1932
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Rich Commercial Realty
Listed By:
Dylan Heafner · License #NC-286149
(919) 618-3026
Source:
Crexi
Added: Feb 18
Changed: Sep 29
Last Checked: Sep 30 at 12:38PM
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 Rich Commercial Realty
Investment Insights
Based on property information with market context.
This property, formerly Linda’s Bar & Grill, presents a commercial real estate opportunity in downtown Chapel Hill. Located directly on Franklin Street, adjacent to the UNC campus, the 5118-square-foot property benefits from foot traffic generated by students, faculty, alumni, and visitors. The property's location in Chapel Hill’s commercial corridor, combined with University-driven demand, supports hospitality, retail, and experiential concepts. The mixed-use property with existing bar and restaurant infrastructure offers potential for relaunching a hospitality concept or repositioning the asset for refreshed uses.
Key Highlights
- Prime Franklin Street location in downtown Chapel Hill, adjacent to UNC campus.
- Former Linda’s Bar & Grill site with 40+ years of brand recognition.
- High foot traffic from UNC students, faculty, alumni, and visitors.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,495
Businesses Nearby
87k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 19%
Hotels & Casinos 12%
McDonald's
Dining
19,905 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
15,208 visits/mo
Panera Bread
Dining
12,942 visits/mo
0.0 miles
Hampton Inn & Suites Carrboro/Chapel Hill
Hotels & Casinos
10,359 visits/mo
0.5 miles
State Employees Credit Union
Shops & Services
3,904 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oasis Cigar Lounge — 101 Two Hills Dr Suite 130, Carrboro, NC 27510
- Starbucks — 101 Manning Dr, Chapel Hill, NC 27514
- Krave — 105 W Main St, Carrboro, NC 27510
- Open Eye Cafe — 101 S Greensboro St, Carrboro, NC 27510
- Speakeasy Carrboro — 100 E Main St A&B, Carrboro, NC 27510
Frequently Asked Questions
What type of property is this?
Bar & Pub - Prime Franklin Street location in Chapel Hill near UNC campus.
Where is this bar & pub located?
The property is located at 203 E Franklin St Chapel Hill, NC.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Prime Franklin Street location in downtown Chapel Hill, adjacent to UNC campus.; Former Linda’s Bar & Grill site with 40+ years of brand recognition.; High foot traffic from UNC students, faculty, alumni, and visitors.
