7,500± SF Entertainment/Retail Venue With Parking, Chapel Hill, NC for sale

7,500± SF Entertainment/Retail Venue With Parking

462 W. Franklin Street, Chapel Hill, NC 27516

Overview

Price:Accepting Offers
Building Size:7,500 SF
Property Type:Retail
Total Lot Size:0.1 Acres
Year Built:1950

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Highlights

  • Amazing location in the heart of Chapel Hill
  • Off-street parking, a rarity for the area
  • Flexible, 3-story floor plan
  • Renovated basement with 4 private rooms & green screen space
  • Café & bar with independent seating & additional street seating permitted
  • Strong population within a 5-mile radius

Description

Located in the heart of Chapel Hill on the city’s main drag, this newly renovated, three-story property features a large, full-service bar with a custom, 222-year-old Black Walnut top, a spacious stage and ample seating both inside and out. The 7,500-square-foot asset is part of a condominium with its neighboring business, Carolina Brewery. The parking in the back belongs to the subject property and does not need to be shared with the other tenant. Uses for the property include retail, restaurant, bar or commercial.

Location

The site is located directly on West Franklin Street, a hotspot in Chapel Hill for numerous other bars, restaurants, and retailers. This property offers an upscale theater/venue in the rapidly expanding neighborhood and is surrounded by the Carolina Brewery, Chapel Hill Service Center, as well as some of the most popular restaurants in the city. Walkable from both the Franklin Hotel (Graduate Chapel Hill) and the University of North Carolina at Chapel Hill campus, the property also has convenient access to public transportation and is less than 30 minutes from RDU airport. Nearby housing developments, such as Greenbridge Condominiums, Shortbread Lofts and Courtyard Lofts, position the venue in an ideal location with optimal visibility for residents.

Hilco Real Estate, LLC, in cooperation with The Ligon Company, Thomas R. Ligon, CAI, CES – NC Broker, Lic. #183864.

Contact Broker

Jiovanny Restrepo
Managing Director
Hilco Real Estate

Office847.386.2282

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