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Retail Space at Prime Location
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505 West Franklin Street, Chapel Hill, NC 27516

Retail space available at the intersection of W. Franklin and S. Graham.

Property Size8,715 SF
Days on Market251

Property Features for 505 West Franklin Street

General Information

Standard status Active
Size 8,715 SF
Property subtype Retail
Listing Agency: CBRE | Raleigh
Listed By: Charlie Coyne
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 2:36AM

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 CBRE | Raleigh

Investment Insights

Based on property information with market context.

This retail space is located at the intersection of W. Franklin Street and S. Graham Street. The property offers 8715 square feet of space.

Key Highlights

  • Prime location at the intersection of W. Franklin Street and S. Graham Street

Property Analytics

Current Use

Franklin Lot Parking Lot & Garage THRIVE | Coworking Coworking & Hybrid Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Electrical Service Home Appliance Store Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,610
Businesses Nearby
86k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 67% Shops & Services 21% Hotels & Casinos 12%
McDonald's Dining
19,905 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
15,208 visits/mo 0.3 miles
Panera Bread Dining
12,942 visits/mo 0.3 miles
Hampton Inn & Suites Carrboro/Chapel Hill Hotels & Casinos
10,359 visits/mo 0.3 miles
Bank of America Shops & Services
4,866 visits/mo 0.5 miles

Demographics for 27516, NC

45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available at the intersection of W. Franklin and S. Graham.
Where is this retail space located?
The property is located at 505 West Franklin Street Chapel Hill, NC.
What are key features of this property?
This property features: Prime location at the intersection of W. Franklin Street and S. Graham Street
More about this property
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