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1708-1712 Legion Rd
Chapel Hill, NC 27517

Land For Sale · 3.33 AC

Investment Highlights

  • The site next door is in line to be developed into Multi-Family units in the near future.

Executive Summary

Uses being discussed for the American Legion Site include retail, office, housing, and recreational activities.
¦ Currently a class A office building, hotel, and four stories of new apartments all are located across the street.
¦ No value has been given to the two small (728 SF & 780 SF) residential rental properties on site, but rental income could help to defer development expenses while a Buyer is getting approvals from the Town.

PROPERTY FACTS Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 3.33 AC

1 Lot Available

Lot

Price $4,266,390 CAD
Price Per AC $1,281,198 CAD
Lot Size 3.33 AC

+/-3.33 acres next to the Town of Chapel Hill’s 35+ acre “American Legion Site”

Description

+/-3.33 acres next to the Town of Chapel Hill’s 35+ acre “American Legion Site”

zoning

Zoning Code R-2 & R-4 (Residential)
R-2 & R-4 (Residential)
  • Listing ID: 26737621

  • Date on Market: 2022-09-29

  • Last Updated:

  • Address: 1708-1712 Legion Rd, Chapel Hill, NC 27517

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