2 & 3 Bypass Lane, Chapel Hill, North Carolina, United States, 27517

1,950,000
for Sale
31,363.2

About the property:

A 0.72-acre commercial site in the heart of Chapel Hill's Blue Hill District, well suited for mixed use development. 2 & 3 Bypass Ln combines two contiguous parcels, 2 Bypass Ln (0.35 AC) and 3 Bypass Ln (0.37 AC), into a single opportunity zoned WX-7, allowing buildings up to 7 stories and 90 feet with no units-per-acre density cap and a wide range of commercial uses permitted by right, including office, medical, retail, restaurant, and personal service. The properties feature a newly installed sewer main and 8-inch water tap, a dedicated, new (2021) public frontage along the south property line in 2021. Developers can build structural elements—including upper-story balconies, pedestrian galleries, and structural awnings, that extend directly into front setbacks and up to 8 feet into the public right-of-way, creating an intimate relationship with the streetscape.
Property Type:
Unimproved Land
Status:
for Sale
House Style:
Other
Acres:
0.72
Subdivision:
Not in a Subdivision
Directions:
From US-15/501 (Fordham Blvd), u-turn at S. Elliott Rd, to your right is Bypass Ln/. Site is on corner of Fordham Blvd & S. Elliot.
Association Fee:
0
Is Land:
Yes
Is Medical:
Yes
Is Office:
Yes
Is Other:
Yes
Is Retail:
Yes
Is Service:
Yes
Annual Property Taxes:
9,808.48
Listing ID:
10191994

Rooms

Dimensions

Brokered by:
Bold Real Estate
Presented By: