1506 E Franklin St
Chapel Hill, NC 27514 University Place

• Unit Size: 1,381 SF
• Condo Use: Medical Office
• Price: $282,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $204.20 USD

Sale Notes

Prime Office Condo in Chapel Hill’s Gateway Corridor – 1506 E. Franklin St, Suite 203

Discover an exceptional office opportunity in one of Chapel Hill’s most convenient and connected locations. Suite 203 at 1506 E. Franklin Street offers a functional and professional office environment just steps from University Place, which is undergoing a major redevelopment that will further elevate the surrounding area with new retail, restaurants, and community amenities.

This office condo is situated within a well-maintained, multi-tenant building featuring a strong mix of medical practices, professional service firms, and a Regus co-working center, creating a dynamic business ecosystem ideal for a wide range of users. The layout and setting make it an excellent fit for an owner-operator, while the steady demand for small professional office suites in this corridor also gives the property versatility as a potential investment opportunity.

Enjoy ample on-site parking, a significant advantage in Chapel Hill’s core commercial district. Owners benefit from streamlined operations—POA dues cover all utilities, offering predictable expenses and simplified management whether the suite is occupied by your business or leased to a tenant.

With its strategic location, professional environment, and easy access from Franklin Street, Estes Drive, and 15-501, Suite 203 positions your business—or your investment portfolio—at the center of one of Orange County’s most active and evolving commercial corridors.

Key Highlights

Excellent location near the transformative redevelopment of University Place

Strong tenant mix including medical, professional services, and co-working

Ideal for owner-users; also viable as a small office investment property

Abundant on-site parking

POA dues include all utilities

Convenient access to 15-501, UNC-Chapel Hill, and downtown Chapel Hill

A polished, flexible office suite in a thriving location—perfect for today’s professional user with the added upside of future investment potential.