Property summary
This exceptional Orange County industrial property, located in the Chapel Hill submarket cluster, offers a prime opportunity for businesses seeking flexible and expansive space. The property comprises two light industrial buildings totaling 116,310 square feet, situated on a generous 19.6-acre lot. Building 1 encompasses 61,710 square feet, while Building 2 offers 54,600 square feet. Currently, there is 3,632 square feet of vacant space available for lease. The buildings boast 18-foot clear heights, providing ample vertical space for various operational needs. Loading and unloading are facilitated by rear-loaded docks and drive-in capabilities, ensuring efficient logistics. Ample parking is available, with a ratio of two spaces per 1,000 square feet. The property benefits from a robust power supply of 2,000 amps. Its strategic location off Millhouse Road, conveniently situated west of I-40 and NC-86, provides excellent access to major transportation arteries, enhancing connectivity and distribution capabilities. This property is ideally suited for manufacturing, flex, warehouse, distribution, and R&D operations, making it a versatile option for a wide range of businesses. The property's size, features, and location within the thriving Chapel Hill industrial market present a compelling investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Plumbing Service General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The mixed use OI-1 zone is intended to provide for single and two family dwellings and those other non residential uses in the OI-1 zone, except that Medical Aircraft Hangar is not permitted
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
MU-OI-1 · Chapel Hill, NCThe mixed use OI-1 zone is intended to provide for single and two family dwellings and those other non residential uses in the OI-1 zone, except that Medical Aircraft Hangar is not permitted
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The mixed use OI-1 zone is intended to provide for single and two family dwellings and those other non residential uses in the OI-1 zone, except that Medical Aircraft Hangar is not permitted
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU-OI-1 in Chapel Hill, NC.
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