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    740 Cornelius St Hillsborough, NC 27278

    Sponsored
    For Sale
    $300,000

    Prime Hillsborough location, 2.01 acres, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2.01-acre commercial land parcel presents a remarkable investment opportunity in Hillsborough, North Carolina. Strategically located directly on Highway 70, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any business venture. Its prime location offers endless possibilities for development, making it ideal for a diverse range of commercial uses. Conceptual plans, included in supplemental documents, showcase potential development scenarios, including but not limited to, retail spaces, restaurants, or office buildings. These visual aids provide a clearer understanding of the site's potential and the various configurations possible. The property's size and location within a growing area promise significant return on investment. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving market. The exceptional location and development potential make this a truly unique opportunity for discerning investors and business owners seeking a strategic foothold in a rapidly expanding region. Don't miss this chance to secure a piece of Hillsborough's commercial future. Further details and supporting documentation are available upon request.

    Property Features for 740 Cornelius St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    87,556 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hillsborough Motor Lodge Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.11645
    Latitude
    36.08596

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Hillsborough location, 2.01 acres, high visibility.
    Where is this commercial real estate located?
    The property is located at 740 Cornelius St Hillsborough, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    (919) 656-2748
    Request Owner's contact information
    740 Cornelius St Hillsborough, NC 27278
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    Hillsborough, NC 27278
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    740 Cornelius St Hillsborough, NC 27278
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