Marquee corner lot in 15-501 high density corridor transitional area is waiting for the next visionary to construct a landmark development. Unmatched road frontage with easy access to I-40, downtown Chapel Hill, and public transit. Two adjoining lots on the corner of N Estes Drive and E Franklin Street. You won't find another opportunity like it. Make your mark in the most recognized strip in the Triangle. Sale includes 1403 & 1407 E Franklin Street.
Lot/land
$8,995,000
1407 E Franklin St, Chapel Hill, NC 27514
--beds
0baths
2.6Acres
Mixed Use
Built in ----
2.6 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Unmatched road frontageMarquee corner lot
- 302 days |
- 153 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Louis A Guillama 919-882-6700,
Daymark Realty LLC
Source: Hive MLS,MLS#: 100536813
Originating MLS: Rocky Mount Area Association of Realtors
Originating MLS: Rocky Mount Area Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Has view: Yes
- View description: None
- Waterfront features: None
- Frontage type: See Remarks
Lot
- Size: 2.6 Acres
- Features: Suburban, Corner Lot, Wooded
- Topography: Cleared/Partial
Details
- Additional structures: See Remarks, Shed(s), Residence, Main House
- Parcel number: 9789934170
- Zoning: CC
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Connected, Electricity Available, Electricity Connected, Underground Utilities
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Chapel Hill
Financial & listing details
- Tax assessed value: $4,007,800
- Annual tax amount: $40,823
- Date on market: 10/17/2025
- Cumulative days on market: 302 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Will Not Divide,Cash,Private Financing Available
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Listed for sale | $8,995,000+199.8% |
Source:  Hive MLS #100536813 Report a problem | ||
| 2/21/2020 | Sold | $3,000,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $40,823 -21.6% | $3,075,500 -0.2% |
| 2024 | $52,055 +2.9% | $3,081,700 |
| 2023 | $50,592 +6.8% | $3,081,700 +2.4% |
| 2022 | $47,368 +1.3% | $3,010,500 |
| 2021 | $46,751 +116.1% | $3,010,500 +136.8% |
| 2020 | $21,636 | $1,271,300 |
| 2018 | $21,636 +2.4% | $1,271,300 |
| 2017 | $21,121 +6% | $1,271,300 +7.3% |
| 2016 | $19,921 | $1,184,881 |
| 2015 | $19,921 | $1,184,881 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 27514
Nearby schools
GreatSchools rating
- 9/10Estes Hills Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 9/10Guy Phillips Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10East Chapel Hill High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- High: East Chapel Hill
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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