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- LoopNet Team
US 15/501 Hwy
Chapel Hill, NC 27516
Briar Chapel - SD East · Land For Sale
·
4.09 AC
INVESTMENT HIGHLIGHTS
- Possible tenant mix could include grocer, brewery, high-end day care, restaurants and retail shops.
- High traffic area from recently opened Central Carolina Community College.
- Convenient on/off access with excellent visibility and signage opportunities along US Highway 15/501.
- Assisted living/senior living communities within minutes.
PROPERTY FACTS
DESCRIPTION
Master-planned approved commercial development opportunity with entitlements up to 510,000 square feet. The northwest corner of US Hwy. 15/501 and Taylor Road (SD West) permitting a grocery-anchored retail development up to 252,000 square feet. The southeast corner of US Hwy. 15/501 and Taylor Road (SD East), permitting a maximum of 270,000 square feet of commercial development. Chatham Grove Elementary School is anticipated to open Fall 2020 with an additional 750 new students adjacent to Briar Chapel.
PROPERTY TAXES
| Parcel Number | 0093102 | Improvements Assessment | $2,190,437 |
| Land Assessment | $1,431,281 | Total Assessment | $3,621,718 |
PROPERTY TAXES
