Mixed-Use Property with Bar
For Sale
Contact for pricing
203 E Franklin, Chapel Hill, NC 27514
Downtown Chapel Hill property adjacent to UNC with established hospitality improvements and retail-oriented reuse potential.
Property Size5,118 SF
Price / SF$488.47
Days on Market11
Property Features for 203 E Franklin
General Information
Standard status
Active
Size
5,118 SF
Property subtype
RETAIL
Listing Agency:
Rich Commercial Realty; LLC
(919) 618-3026
Listed By:
Dylan Heafner · License #NC-286149
(919) 618-3026
Source:
Moodyscre
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 9:53AM
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; LLC
Investment Insights
Based on property information with market context.
This 5,118-square-foot mixed-use property includes established bar and restaurant infrastructure from its former operation as Linda’s Bar & Grill. The building is suited to continued hospitality use or repositioning for retail and other experiential concepts, subject to applicable approvals.
Located at 203 E Franklin in downtown Chapel Hill, the property sits directly on Franklin Street and next to the UNC campus. The surrounding walkable commercial environment is associated with demand from university students, faculty, alumni, and visitors. Its location and existing improvements provide a defined platform for a downtown restaurant, bar, or retail concept.
Located at 203 E Franklin in downtown Chapel Hill, the property sits directly on Franklin Street and next to the UNC campus. The surrounding walkable commercial environment is associated with demand from university students, faculty, alumni, and visitors. Its location and existing improvements provide a defined platform for a downtown restaurant, bar, or retail concept.
Key Highlights
- 5,118‑square‑foot mixed‑use property
- Established bar and restaurant infrastructure
- Former Linda’s Bar & Grill location
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 18%
McDonald's
Dining
19,905 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
15,208 visits/mo
0.4 miles
Panera Bread
Dining
12,942 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Chapel Hill property adjacent to UNC with established hospitality improvements and retail-oriented reuse potential.
Where is this mixed-use property located?
The property is located at 203 E Franklin 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: 5,118‑square‑foot mixed‑use property; Established bar and restaurant infrastructure; Former Linda’s Bar & Grill location
