This exceptional ±2.71-acre Chapel Hill tract presents a rare opportunity for developers, investors, or end users seeking one of the Triangle's most desirable locations. Positioned in close proximity to Chapel Hill's thriving retail, dining, medical, and employment centers, the property offers tremendous upside for a potential townhome development, an exclusive private estate, or a strategic long-term investment hold as the area continues to experience strong growth and demand. With its convenient access to Chapel Hill, Durham, and the greater Research Triangle region, the property is ideally situated to capitalize on continued residential demand and future appreciation. Whether you're envisioning a boutique residential community, creating your dream estate tucked away in one of North Carolina's premier markets, or acquiring a well-located land investment for future development potential, this tract offers the flexibility and location to make it a compelling opportunity. Opportunities to acquire quality acreage in Chapel Hill are increasingly limited so don't miss your chance to secure a versatile asset in one of the most sought-after markets in the Triangle.
Vacant landProperty Type
2.64 acresLot Size
$530,303Price/Acres
Listed by Coremark Properties Suriano• ASA Properties NC, LLC
Rare opportunity in Chapel Hill N. C. 27514 , Land for development , Walking distance to East Chapel Hill High. Near Water and sewer. Natural gas and Electricity on the property. Chapel Hill is in need of new construction
TMLS #2153168
Oct 17, 2018
Listing Removed
—
May 22, 2018
Price Changed
$685,000
Sep 26, 2017
Listed
$780,000
Year
Property tax
Land + Additions
Assessment*
2025
$8,943 (+74.1%)
$673,200 + $200
$673,400
2024
$5,136 (+2.8%)
$295,700 + $200
$295,900
2023
$4,995 (−25.0%)
$295,700 + $200
$295,900
2022
$6,661 (+1.3%)
$295,700 + $112,700
$408,400
2021
$6,577 (+21.5%)
$295,700 + $112,700
$408,400
2020
$5,415
$206,000 + $105,600
$311,600
2019
$5,420 (+2.5%)
$206,000 + $105,600
$311,600
2018
$5,285 (+2.0%)
$206,000 + $105,600
$311,600
2017
$5,183 (+9.7%)
$206,000 + $105,600
$311,600
2016
$4,723
$206,000 + $105,600
$311,600
2015
$4,725 (+1.1%)
$199,595 + $75,217
$274,812
2014
$4,672 (+1.9%)
$199,595 + $75,217
$274,812
2013
$4,586 (+2.2%)
$199,595 + $75,217
$274,812
2011
$4,489
$199,595 + $75,217
$274,812
2010
$4,487
$199,595 + $75,217
$274,812
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
2.64 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
—
Style
Single Family Residential
County
Orange County
APN
9890512638
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 26, 2026.
R-2
Residential Districts
The residential districts are intended to provide for residential development of appropriate intensities consonant with the suitability of land, availability of public services, accessibility to major activity centers and transportation systems, and compatibility with surrounding development.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Chapel Hill, NC • 27514
Average low and high temperatures (°F)
48
28
54
34
69
44
76
53
77
58
89
68
90
72
81
66
80
63
71
50
65
43
52
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
23/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
2.8 hrs
1.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 271 Erwin Rd
$1,250,631
$149K under list price of $1.40M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $510K to $1.3M.