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0.77 Acres in Chapel Hill, NC - $1,450,000
Investors< take a good look at this property ,.77 acres located approximately .6 miles to the intersection of East Franklin St. and Columbia St. in the heart of Chapel Hill N. C. and the UNC Campus. The Town of Chapel Hill wants new housing, and The Land Use Management Ordinance (LUMO)has incentives for new affordable housing. The subject property is in a R 4 zoning area and could yield 5/10 or more housing units. Think about that, new housing that is walking distance to Franklin St, UNC campus, shopping, and restaurants. There is a rental home on the property along with two storage buildings being sold as is. Do not disturb tenants, Property is a redevelopmeproperty.
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