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The Commons at Governors Village Chapel Hill, NC 27517 2,000 - 6,400 SF of Retail Space Available
Park Highlights
- Build to suit.
- New construction.
- Tenant improvement allowance.
- Upfit costs incurred by Landlord with long-term lease.
Park Facts
All Available Spaces(2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Introducing an exceptional 2,000-square-foot new construction retail space in the sought-after Governors Village community of Chapel Hill. Perfectly positioned on the ground floor of a high-visibility mixed-use development, this space offers modern design, flexible configuration, and access to public water and sewer. This is a build-to-suit opportunity, allowing tenants or investors to customize the layout and finishes to match their brand, operational needs, and customer experience. Governors Village is one of Chapel Hill’s most established and vibrant mixed-use neighborhoods, surrounded by upscale residential homes, thriving local businesses, and convenient amenities. The location benefits from steady local traffic, proximity to UNC-Chapel Hill, and easy access to major routes including US-15/501 and I-40, connecting Chapel Hill, Durham, and the greater Triangle region. Tenants will enjoy ample shared parking, attractive streetscape design, and a walkable environment that encourages community engagement and repeat foot traffic. The building’s modern construction and infrastructure ensure efficiency, low maintenance, and compliance with current codes and standards. Whether for a regional concept or a local entrepreneur, this property represents a rare chance to establish a presence in a growing, high-demand area with built-in residential and daytime population. Contact us today to discuss your vision and learn how this exceptional Chapel Hill opportunity can be tailored to your business needs.
- Lease rate does not include utilities, property expenses or building services
- Build-to-suit flexibility
- New Construction
- High Visibility
- Highly Desirable End Cap Space
- Ideal for Restaurant, Retail or Office
- End-Cap Positioning
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 2,000 SF | Negotiable | $45.46 CAD/SF/YR $3.79 CAD/SF/MO $90,925 CAD/YR $7,577 CAD/MO | Retail | Shell Space | 2026-08-01 |
3 Governors Dr - 1st Floor
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
- Lease rate does not include utilities, property expenses or building services
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 4,400 SF | Negotiable | $45.46 CAD/SF/YR $3.79 CAD/SF/MO $200,035 CAD/YR $16,670 CAD/MO | Retail | Shell Space | 2026-09-01 |
50150 Governors Dr - 1st Floor
3 Governors Dr - 1st Floor
| Size | 2,000 SF |
| Term | Negotiable |
| Rental Rate | $45.46 CAD/SF/YR |
| Space Use | Retail |
| Build-Out | Shell Space |
| Available | 2026-08-01 |
Introducing an exceptional 2,000-square-foot new construction retail space in the sought-after Governors Village community of Chapel Hill. Perfectly positioned on the ground floor of a high-visibility mixed-use development, this space offers modern design, flexible configuration, and access to public water and sewer. This is a build-to-suit opportunity, allowing tenants or investors to customize the layout and finishes to match their brand, operational needs, and customer experience. Governors Village is one of Chapel Hill’s most established and vibrant mixed-use neighborhoods, surrounded by upscale residential homes, thriving local businesses, and convenient amenities. The location benefits from steady local traffic, proximity to UNC-Chapel Hill, and easy access to major routes including US-15/501 and I-40, connecting Chapel Hill, Durham, and the greater Triangle region. Tenants will enjoy ample shared parking, attractive streetscape design, and a walkable environment that encourages community engagement and repeat foot traffic. The building’s modern construction and infrastructure ensure efficiency, low maintenance, and compliance with current codes and standards. Whether for a regional concept or a local entrepreneur, this property represents a rare chance to establish a presence in a growing, high-demand area with built-in residential and daytime population. Contact us today to discuss your vision and learn how this exceptional Chapel Hill opportunity can be tailored to your business needs.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Build-to-suit flexibility
- Ideal for Restaurant, Retail or Office
- New Construction
- End-Cap Positioning
- High Visibility
50150 Governors Dr - 1st Floor
| Size | 4,400 SF |
| Term | Negotiable |
| Rental Rate | $45.46 CAD/SF/YR |
| Space Use | Retail |
| Build-Out | Shell Space |
| Available | 2026-09-01 |
- Lease rate does not include utilities, property expenses or building services
Select Tenants at This Property
- Floor
- Tenant Name
- Industry
- 1st
- Cor4 Fitness
- Services
Park Overview
This is the last piece of commercial development in Governors Village. Buildings 1 & 2 are built and occupied (Dentist, Cor4 Fitness, Carolina Longevity). Building 3 shall is built and ready for your fit-up. Only 2,000 sf remains on the first floor of building 3 (medical user has the other 4,500 sf). Great place for a retail or medical user. Building 4 has not been built yet. It is approved for 4,400 sf with potential outdoor space. Site work has been done and building is ready to go vertical. Ample parking for medical, office, and retail. Governors Village & Governor Club offer great demographics.
- 24 Hour Access
- Corner Lot
- Property Manager on Site
- Signage
- Monument Signage
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The Commons at Governors Village | Chapel Hill, NC 27517
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