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203 E Franklin St 5,118 SF Retail Building Chapel Hill, NC 27514 For Sale
Investment Highlights
- Prime location on Franklin Street across from UNC Chapel Hill campus
- Equipment in place
- Second generation bar & restaurant
Executive Summary
RCR presents a rare opportunity to acquire the former Linda’s Bar & Grill, a Chapel Hill institution for over 40 years. Located directly on Franklin Street in the heart of downtown Chapel Hill and adjacent to UNC’s campus, this property offers exceptional positioning. Franklin Street is Chapel Hill’s premier commercial corridor, benefiting from continuous foot traffic driven by UNC students, faculty, alumni, and visitors. The walkable downtown environment and University-driven demand create strong fundamentals for hospitality, retail, and experiential concepts. This mixed-use property with established bar/restaurant infrastructure offers clear pathways for value creation:
• Owner-Operator: Relaunch a hospitality concept with instant brand recognition and community credibility
• Investor: Reposition the asset for refreshed uses aligned with downtown Chapel Hill demand
• Owner-Operator: Relaunch a hospitality concept with instant brand recognition and community credibility
• Investor: Reposition the asset for refreshed uses aligned with downtown Chapel Hill demand
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,118 SF
Building Class
B
Year Built
1932
Building Height
3 Stories
Building FAR
1.96
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
TC-1 - Town Center
Frontage
24’ on Franklin St
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 9788472773 | Improvements Assessment | $757,200 |
| Land Assessment | $429,300 | Total Assessment | $1,186,500 |
Property Taxes
Parcel Number
9788472773
Land Assessment
$429,300
Improvements Assessment
$757,200
Total Assessment
$1,186,500
Contacts
-
Dylan Heafner, CCIM, SIOR -
Sam DiFranco CCIM, SIOR -
Conley Moretz -
Rich Commercial Realty
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203 E Franklin St
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