3 Bypass Ln
Chapel Hill, NC 27517 Chapel Hill East

0.72 acres in the Blue Hill District, two contiguous parcels offered together, zoned WX-7 — seven stories and 90 feet by right, no units-per-acre density cap, no inclusionary requirement.

The site holds 200 feet of frontage on Fordham Boulevard at 34,419 vehicles per day, with access off Bypass Lane. Bypass Lane is a dead-end stub maintained by NCDOT, which gives the property highway frontage and exposure with the practical benefit of a private drive: no competing traffic, no shared entrance, no cross-access agreement, and no curb cut to negotiate on 15-501.

Infrastructure is already in the ground. A sewer main runs along the rear of the property, an 8-inch water main tap was installed on the south side under a 2022 Town contract, and a prior sewer easement was released. No fee right-of-way was taken in the 2021 Elliott Road Extension, and the Town dedicated new public frontage along the south line.

The site is Zone AE with a published base flood elevation of 262.4 — a detailed FEMA study with a mapped floodway and a mean velocity of 2.3 ft/sec. This floodplain ponds; it does not scour. The site is buildable above BFE with parking at grade, which is the podium configuration WX-7 density already requires. Atlas Blue Hill and Aura Blue Hill were built under the same conditions within a quarter mile, and The Park at Chapel Hill II is under construction immediately adjacent.

Within one mile: 9,291 residents, 5.9% growth since 2020, 53% renter-occupied households, 66% holding a bachelor's degree or higher, and median household income of $89,566.

Both lots carry 1950-era single-family homes at the end of useful life. A recorded crane swing easement in favor of the adjacent project pays $2,000 per month, runs with the land, and conveys at closing.