2 Brick Office Bldgs, 10,000+ SF Total Chapel Hill, NC

Property Location MAP

123 and 127 Kingston Dr
Chapel Hill, NC 27514

Property #: FX2013

Contact Agent

John Cates
Tranzon Fox

919-622-8646 jcates@tranzon.com
2 Brick Office Bldgs, 10,000+ SF Total
  • Class B offices, deeded as 8 separate office condos, currently combined into various private offices w/shared lavatory and kitchenette on each level
  • 1 mile to UNC Chapel Hill and I-40
  • Research Triangle Opportunity
  • Close to Shopping, Dining, Banks

Available in 4 different offerings:

Offering #1 - $1,695,000 for the entirety
Offering #2 - $695,000 for 123 Kingston Dr, which is fully leased with an 8% cap rate
Offering #3 - $995,000 for 127 Kingston Dr ($160 per sf)
Offering #4 - $295,000 for a single +/-1,558 sf unit in 127 Kingston Dr ($190 per sf)

Fabulous opportunity for owner/occupant, a business owner with an eye to growth can occupy one building, or a suite or two, rent the rest and grow into both buildings. Potential also for a landlord or developer. Many options to create cash flow - demonstrated market for individual small office rentals @$34/ft (current month to month tenants) or rent full floors/suites! Recent renovations include: LVP flooring, paint, LED lighting, new ceiling tiles, exterior upgrade.

Property Management agreement with One Alliance $250/mo through 12/31/23, terminate w/90 days notice.

Please be sure to download the Property Information Package ("PIP") by clicking on the words above under “DOCUMENTS.” By downloading this package, you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.


The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact John Cates

John Cates: Tranzon Fox

919-622-8646 jcates@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 40-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Broker Co-op: 1.5% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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