Chapel Hill Redevelopment
For Sale
$1,450,000
Pending
4 Bolin Heights, Chapel Hill, NC 27514
Land, Chapel Hill, NC
Property SizeContact for details
Lot Size0.77 Acres
Days on Market508
Property Features for 4 Bolin Heights
General Information
Property type
Land
Property subtype
Other
Zoning
R4
Vegetation
Brush, Grassed, Partially Wooded, Cleared
Subdivision
Not in a Subdivision
Elementary school
Chapel Hill Carrboro - Northside Elementary School
Middle school
Chapel Hill Carrboro - Guy B Phillips Middle Schoo
High school
Chapel Hill Carrboro - East Chapel Hill High Schoo
Standard status
Pending
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Mill Creek Booker
Tax Annual Amount
4128
Legal Description
Mill Creek Booker
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Coldwell Banker - HPW · Coldwell Banker Real Estate
(919) 960-6300
Listed By:
Tommy L Watts
(919) 260-0054
Added: Apr 1, 2025
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 10094490
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.77-acre property is located approximately 0.6 miles from the intersection of East Franklin Street and Columbia Street, placing it in the heart of Chapel Hill, North Carolina, and near the UNC Campus. Zoned R4, the property has the potential to yield 5 to 10 or more housing units, especially considering the Town of Chapel Hill's incentives for new affordable housing under the Land Use Management Ordinance (LUMO). The property includes a rental home and two storage buildings, all being sold in as-is condition. Given its location, new housing on this site would be within walking distance of Franklin Street, the UNC campus, shopping, and restaurants. This property is considered a redevelopment opportunity.
Key Highlights
- Prime location: .77 acres, approximately .6 miles to East Franklin St. and Columbia St. in Chapel Hill, near UNC Campus.
- Redevelopment potential: Zoned R‑4, potentially yielding 5‑10+ housing units.
- Town of Chapel Hill offers incentives under Land Use Management Ordinance (LUMO) for affordable housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
468
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Land near UNC campus with redevelopment potential for housing.
Where is this land located?
The property is located at 4 Bolin Heights Chapel Hill, NC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location: .77 acres, approximately .6 miles to East Franklin St. and Columbia St. in Chapel Hill, near UNC Campus.; Redevelopment potential: Zoned R‑4, potentially yielding 5‑10+ housing units.; Town of Chapel Hill offers incentives under Land Use Management Ordinance (LUMO) for affordable housing.
