Commercial Land on 15-501 in Chapel Hill – Prices and What is Selling in 2021

Eric Andrews sells commercial property all over Chatham County. Besides just Pittsboro, we also sell a great deal of land in Chapel Hill, Apex and Raleigh. He is the area’s only Accredited Land Consultant. If you are seeking to sell commercial land along 15/501 call Eric today.

Here’s a 10 acre tract of land we sold in August 2020. This tract sold for $1,250,000. That will give you an idea of what commercial land is selling for going into 2021, however, the price of land varies drastically from one lot to the next. Still, expect to pay $100k or more per acre.

For reference, this was Triangle MLS # 2249731.

Here’s the original description of this property:

Transitional land on commercial corridor of North Chatham Hwy 15/501 (Chapel Hill-Pittsboro), 4-lane traffic, across the street from a shopping center with major grocery anchor, from a local hospital office, medical space, and restaurants. Property consists of three parcels totaling 10.03 acres. Level lot has road frontage on highway & side road, line of sight, possible subdivide. Sellers agreeable to zoning contingency. Good soils. Current residence sold “as is”, large brick home possible for O&I facility. Traffic count sure to make business successful.