Medical Office for Lease in Chapel Hill

For Lease

120 Banks Drive, Chapel Hill, NC 27514

The total number of office spaces available at Medical Office for Lease in Chapel Hill is 1. Leasing opportunities in the building include medical office. There is a total of 3,427 square feet of space currently available for rent at this address. Of this, the minimum divisible area is 3,427 square feet.

Space Available For Lease 1

Contacts

Elena Stoyanova

CityPlat Brokerage

Property Details

  • Property Type Office - Medical Office
  • Property Size 20,016 SF
  • Units 3
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1993
  • Year Renovated 2026
  • Date Updated May 4, 2026
Positioned in the highly desirable Timberlyne medical corridor of Chapel Hill, 120 Banks Drive offers an exceptional location for healthcare providers seeking proximity to one of North Carolina’s most prominent medical and academic ecosystems. The property is situated at the intersection of Weaver Dairy Road and Martin Luther King Jr. Blvd, providing immediate access to I-40 and seamless connectivity throughout the Research Triangle. The building is surrounded by an established cluster of healthcare providers, including adjacent medical users such as radiology practices, creating strong referral synergies and patient draw. In fact, new medical investment continues in the area, with major outpatient providers selecting this exact location for expansion due to its accessibility and growing patient base. The surrounding community offers strong demographics and a highly educated population, with over 77% of residents holding a bachelor’s degree or higher and median household incomes well above the state average—supporting a stable and insured patient base. The location is also within walking distance to retail amenities, dining, and services, enhancing convenience for both patients and staff.Opportunity to lease ±3427 SF of medical office space in one of Chapel Hill’s premier healthcare corridors. The suite is currently in cold dark shell condition, offering tenants a rare chance to design and build out a fully customized space tailored to their specific practice needs. Ideal for a wide range of medical users, this space provides flexibility for efficient layouts, patient flow, and specialized equipment installation.
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Highlights

  • Ability to design modern, patient-centric environment
  • Ample parking with a 4.5/1000 sq ft ratio
  • Build-to-suit opportunity for medical users
  • Condition: Cold Dark Shell
  • Flexible layout for exam rooms, procedure space, or specialty use
  • Lease Details:
  • Lease Rate: $30.00/SF NNN
  • Located in established medical office corridor
  • Size: ±3427 RSF and Core Factor: 4200SQFT
  • Strong surrounding healthcare presence driving referrals
  • TI: $60/SF
  • TICAM: $4.00/SF

Getting around

  • 56/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chapel Hill, NC
  • Neighborhood Cross Creek
  • Zip Code 27514
  • Market Raleigh Durham

Points of Interest

  • Red Ride Shuttle

    3.68 miles

  • Durham

    8.71 miles

  • Exxon

    0.37 miles

  • Speedway

    1.01 miles

  • BP

    1.16 miles

  • Cedar Village Family Fare

    1.21 miles

  • Mobil

    2.54 miles

  • Chargepoint

    2.63 miles

  • 76

    3.32 miles

  • EVgo

    6.16 miles

  • Overflow Parking

    2.44 miles

  • Wallace Plaza

    3.28 miles

  • Downtown Public Parking

    3.42 miles

  • Cobb Parking Deck

    3.52 miles

  • Granville Towers Parking

    3.57 miles

  • Walden at Greenfields

    2.41 miles

  • Residence Inn Chapel Hill

    2.41 miles

  • The Siena Hotel, Autograph Collection

    2.49 miles

  • Tru

    2.49 miles

  • Quality Inn Chapel Hill

    2.58 miles

  • Sheraton

    2.59 miles

  • Chapel Hill InnTown

    2.66 miles

  • Red Roof Inn Chapel Hill - UNC

    3.23 miles

  • AC Hotels Marriott

    3.36 miles

  • Comfort Inn University Durham - Chapel Hill

    3.45 miles

  • Food Lion

    0.06 miles

  • Harris Teeter

    0.46 miles

  • Family Fare

    1.20 miles

  • Whole Foods Market

    2.45 miles

  • Trader Joe's

    2.48 miles

  • ALDI

    2.49 miles

  • Mariakakis Fine Food & Wine

    2.60 miles

  • University Place

    2.89 miles

  • Wegmans

    2.90 miles

  • Marshalls

    3.30 miles

120 Banks Drive Listing Brief

  • Leasing rates here can depend on a variety of factors, including the quality rating of the property (property class or building class), the position of the available space within the building, any unique attributes that the listed space may include, as well as on the availability of on-site or nearby amenities. Reach out using the contact form available on this page to schedule a tour or to get more detailed information on the most modern facilities and amenities that 120 Banks Drive has to offer.

  • See the listing area details for information and ratings regarding the degree of walkability in the neighborhood, the accessibility and frequency of public transit options, as well as the level of availability and quality of biking infrastructure in the area. What’s more, you can use the interactive map for a good overview of the area. Location details also include a breakdown of distance from the property to several essential amenities and points of interest, which may include parking facilities, fuel stations, stores, or hotels.

  • This property is in the Cross Creek neighborhood of Chapel Hill and located within zip code 27514.

    120 Banks Drive was originally completed in 1993 and is rated class B. The building includes 20,016 square feet, of which 3,427 square feet is rentable office space. The most recent renovation completed at this address was in 2026.

Contact Listing Broker
Elena Stoyanova

CityPlat Brokerage

  1. 1Main information
  2. 2Extra information
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