Originally opened in 1984, Ham's was forced to shut its doors May 19 after a kitchen fire left the back of the building destroyed and the front severely damaged by soot.
To reopen, the restaurant underwent construction during the summer months that resulted in a total renovation of the building.
Ham's remains under corporate ownership of Charlie Erwin.
Although the building was completely renovated, the floor plan of the bar and restaurant will remain relatively unchanged, despite the addition of several televisions and a 12-foot-high big screen.
In the past, students and Chapel Hill residents have flocked to Ham's on big UNC game nights for its big-screen televisions.
Other improvements Ham's made to cater to the Chapel Hill community are the creation of an original mural depicting scenes from UNC-CH varsity athletics and a list of every national championship title that the University has won.
The artist who painted the mural in the Franklin Street Ham's also created a similar work in a Ham's restaurant that recently opened near the UNC-Greensboro campus.
Ham's also has developed an expanded menu with new selections and a wider variety of choices, such as a new appetizer of bacon and cheese waffle fries.
Roger Mackay, eastern regional district director for the chain, said Ham's will now concentrate on attracting a more family-oriented crowd.