23 Bypass Lane, Chapel Hill, NC 27517
23 Bypass Lane, Chapel Hill, NC 27517
23 Bypass Lane, Chapel Hill, NC 27517
23 Bypass Lane, Chapel Hill, NC 27517
23 Bypass Lane, Chapel Hill, NC 27517
23 Bypass Lane, Chapel Hill, NC 27517
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Michele Marinelli

Michele Marinelli

+1(919) 452-2155
Listed by Bold Real Estate
$ 1,795,000
Est. payment | /mo

2 Baths

0.72 Acres Lot

Save
$ 1,795,000
Est. payment | /mo
Save

2 Baths

0.72 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Not In A Subdivision

MLS Listing ID 10191994

HOA Y/N No

Annual Tax Amount $9,808

Lot Size 0.720 Acres

Acres 0.72

Lot Dimensions 200x161x202x150

Property Sub-Type Unimproved Land

Source Doorify MLS

Property Description

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.

Location

State NC

County Orange

Community Not In A Subdivision

Area 0.72

Zoning WX-7

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Garage No

Building

Lot Description Corner Lot

Water Public

New Construction No

Schools

Elementary Schools Chapel Hill Carrboro - Ephesus Road Elementary School

Middle Schools Chapel Hill Carrboro - Guy B Phillips Middle School

High Schools Chapel Hill Carrboro - East Chapel Hill High School

Others

Senior Community No

Tax ID 9799340467 & 9799340349

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS

Schools and Properties Nearby

Michele Marinelli

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(919) 452-2155

michelerealtor@icloud.com

Learn More About LPT Realty

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23 Bypass Lane