Property profile

137 E Franklin St Chapel Hill, NC 27514

FOR LEASE
Neighborhood centers
Property ID
US53-2412962
36,667 SF
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Property summary

AI-generated overview

This exceptional retail property, located at 137 E Franklin St in Chapel Hill, NC, offers 36,667 square feet of space in a vibrant strip center. Currently, two suites are available, providing flexible options for businesses seeking prime downtown location. One suite offers a minimum of 9,369 square feet, while the maximum contiguous space available is 19,085 square feet. The total vacant space is 19,085 square feet. This property boasts ample parking, a significant advantage in a bustling downtown area. Situated in the heart of Chapel Hill, this location provides unparalleled access to the University of North Carolina at Chapel Hill (UNC), and is surrounded by a thriving mix of retail shops, restaurants, and hotels. The property's address is 137 E Franklin St, Chapel Hill, NC 27514, in Orange County. This is an exceptional opportunity for businesses seeking high visibility and foot traffic in one of North Carolina's most desirable college towns. The property's convenient location and ample space make it ideal for a variety of retail uses. The property is easily accessible and offers a strong potential for return on investment.

Property profile

Verified
Property type Neighborhood centers
Total area 36,667 SF
UPID US53-2412962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Building Supply
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Shopping Center & Mall
  • Atm

Location

137 E Franklin St Chapel Hill, NC 27514
Chapel Hill metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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