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1600 Eubanks Rd
Chapel Hill, NC 27516
Vacant Land · Land For Sale · 11.41 AC

Property Facts

Property Type Land
Property Subtype Industrial
Proposed Use
Retail
  • Office
  • Multifamily
  • Apartment Units
Total Lot Size 11.41 AC
Cross Streets Hwy 86
Zoning OI- Mix Use

Description

•The current zoning of the property is Mixed-Use Office/ Institutional -1 (MU-OI-1) which allows for a variety of mid-intensity mixed uses including office, retail, and residential the full list is prescribed in section of LUMO 3.5.1 and more specifically 3.5.1(e) and 3.8.1. oLink to the Land Use Management Ordinance (LUMO): https://www.municode.com/library/nc/chapel_hill/codes/code_of_ordinances?nodeId=CO_APXALAUSMA •The property is within the newly-adopted “Innovative Light Industrial Opportunity Area” as delineated in the Town’s Land Use Plan. This means that the property is eligible for rezoning the Innovative, Light Industrial Conditional Zoning District (LI-CZD) which permits and encourages relatively high intensity light industrial uses such as light manufacturing, research activities, flex space and so on. Special standards for this zoning district may be found in section 3.4.3 of the LUMO. •The rezoning process for this new zoning district is designed to take 4-6 months to encourage light industrial development. This is compared to our typical process which lasts 12-18 months. More information can be found in section 4.4.3

Property Taxes

Property Taxes

Parcel Number
9870782525
Land Assessment
$648,200
Improvements Assessment
$0
Total Assessment
$648,200
  • Listing ID: 9759439

  • Date on Market: 10/26/2017

  • Last Updated:

  • Address: 1600 Eubanks Rd, Chapel Hill, NC 27516

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