2 & 3 Bypass Lane, Chapel Hill, NC 27517

Chapel Hill
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
2 & 3 Bypass Lane,Chapel Hill, NC 27517
$1,950,000
  • 0.72 Acres
  • Lots / Land
  • Active
Listed by: brianda lopez
Office: bold real estate
MLS#:10191994
Source:RD

Price summary

  • Price:$1,950,000

About this home

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.

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Home facts

  • Subdivision & Development:Not in a Subdivision
  • Listing ID #:10191994
  • Added:13 day(s) ago
  • Updated:September 24, 2026 at 03:53 PM

Rooms and interior

  • Total bathrooms:2

Structure and exterior

  • Lot area:0.72 Acres
  • Lot Features:Corner

Schools

  • High school:Chapel Hill Carrboro - East Chapel Hill High School
  • Middle school:Chapel Hill Carrboro - Guy B Phillips Middle School
  • Elementary school:Chapel Hill Carrboro - Ephesus Road Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,950,000
  • Tax amount:$9,808
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