Prime Commercial Opportunity on
119 Hillsboro Pittsboro, NC 27312
For Sale
$399,000
One-level brick building in downtown Pittsboro with high visibility.
Property Size1,475 SF
Price / SF$270.51
Days on Market102
Property Features for 119 Hillsboro
General Information
- Standard status
- Active
- Size
- 1,475 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing Agency:
REALTY WORLD CAROLINA PROP
(919) 545-9911
Listed By:
ERIC ANDREWS · License #177746
Source:
Corcoran
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY WORLD CAROLINA PROP
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Pittsboro, this one-level brick building offers a prime commercial opportunity with excellent visibility along Hillsboro Street. The property benefits from strong line-of-sight exposure in a rapidly growing area. It is ideal for retail, office, or service-based businesses seeking a high-traffic location. Public parking is available nearby. The open interior layout provides flexibility for a variety of uses. A recorded survey is available. Please note that there is no kitchen or grease trap, making it suitable for concepts that do not require food preparation infrastructure. The location is surrounded by ongoing development and increasing foot traffic, including Chatham Park and Disney/Asteria. This presents outstanding rental income potential for investors or owner-occupants looking to establish a presence in one of the region's most dynamic downtown corridors. The property size is 1475 square feet.
Key Highlights
- Prime commercial location on Pittsboro's Main Street (Hillsboro Street) with excellent visibility and high traffic
- Strong rental income potential in a rapidly growing area
- Flexible, open interior layout suitable for retail, office, or service‑based businesses
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $18.00 |
| − Vacancy | −$2.0k | −$1.35 |
| EGI | $24.6k | $16.65 |
| − OpEx | −$7.4k | −$5.00 |
| NOI | $17.2k | $11.66 |
1,475 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$245.6K
$214.9K – $286.5K
NOI $17,191 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Sweet Fix, too
Specialty Food Shop
FAQs
What type of property is this?
Storefront property - One-level brick building in downtown Pittsboro with high visibility.
Where is this storefront property located?
The property is located at 119 Hillsboro Pittsboro, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime commercial location on Pittsboro's Main Street (Hillsboro Street) with excellent visibility and high traffic; Strong rental income potential in a rapidly growing area; Flexible, open interior layout suitable for retail, office, or service‑based businesses
