Prime Commercial Opportunity on
For Sale
$399,000
119 Hillsboro St, Pittsboro, NC 27312
One-level brick building in downtown Pittsboro with high visibility.
Property Size1,475 SF
Price / SF$270.51
Days on Market199
Property Features for 119 Hillsboro St
General Information
Standard status
Active
Size
1,475 SF
Building Details
Year Built
1945
Listing Agency:
Realty World Carolina Prop
Listed By:
Eric Andrews · License #177746
(919) 542-0523
Source:
Livelovechapelhilldurham
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 7 at 4:11PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$17,191
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,820
$343.8K
Cap Rate 7%
$245,586
$245.6K
Cap Rate 9%
$191,011
$191.0K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$26.6K $18.00/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$24.6K $16.65/SF
− OpEx
−$7.4K −$5.00/SF
NOI
$17.2K $11.66/SF
Area
Chatham County, NC
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,820
Cap Rate 7%
$245,586
Cap Rate 9%
$191,011
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 31%
Home Improvements & Furnishings 30%
Hardware General True Value
Home Improvements & Furnishings
9,410 visits/mo
0.4 miles
BP
Shops & Services
8,991 visits/mo
0.3 miles
Hardee's
Dining
7,038 visits/mo
0.1 miles
Elizabeth's Pizza
Dining
2,889 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
1,920 visits/mo
0.4 miles
Demographics for 27312, NC
21,572
Population
10,613
Households
2
Avg Household Size
51
Median Age
53%
College-Educated
95%
High-School Grad
170.9 sq mi
ZIP Area
126
Density / Sq Mi
$100,505
Median Household Income
$53,166
Median Earnings
$933
Median Rent
$423,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 St 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
