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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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23 2 & 3 Bypass Ln , Chapel Hill, NC 27517
$1,795,000
Est. Payment: $10,087.96/mo
2 Bath
0.72 Acres
Status: active | Days on site: 34
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Terri Bias
Operator/Brokerage Owner

House 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.

Highlights

Listed by Brianda Lopez , Bold Real Estate , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Vacant Land

Lot/Acreage
0.72

County

Orange

Neighborhood

Not in a Subdivision

Listing ID

10191994

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:2
Water:Public

Exterior Features

Lot:Corner Lot
Lot Dimensions:200x161x202x150
Zoning:WX-7
Sewer:Public Sewer
Principal Interest
$10,088
Taxes
$1,144

Home Price

$1,795,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$359,000
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Monthly Price:
$10,087.96

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,087.96 $1,144.31 $0.00 $11,232.27
Yearly $121,055.53 $13,731.75 $0.00 $134,787.28
Total $3,631,665.99 $411,952.50 $0.00 $4,043,618.49

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Chapel Hill, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-10-14T14:02:08.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina