Hillsborough Medical Office
For Sale
$5,120,000
502 Waterstone Drive, Hillsborough, NC 27278
11.42 acres adjacent to UNC Hospitals Hillsborough Campus.
Property Size11 SF
Price / SF$465,454
Days on Market247
Property Features for 502 Waterstone Drive
General Information
Standard status
Active
Size
11 SF
Property subtype
Land
Listing Agency:
(919) 986-9371
Listed By:
Will Smith · License #262680
(919) 986-9371
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 10
Last Checked: Jul 30 at 5:44AM
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 Will Smith
Investment Insights
Based on property information with market context.
The Waterstone South Medical Office Outparcels offer a unique opportunity within Hillsborough’s expanding healthcare corridor. The site, totaling 11.42 acres across two parcels, is located directly adjacent to the UNC Hospitals Hillsborough Campus, providing unmatched proximity for healthcare-related development. Medical services represent the largest employment sector in Hillsborough, and Durham Technical Community College is located just across the street. The properties are positioned at the center of an established and growing healthcare ecosystem. The parcels enjoy high visibility and immediate access to NC-86 and the newly widened I-40, which includes two additional lanes stretching westward from 15-501 in Durham/Chapel Hill to I-85 toward Greensboro. This infrastructure upgrade enhances connectivity and positions the site for regional accessibility for patients, providers, and visitors. The zoning is Planned Development - Conditional Zoning. The location is ideal for outpatient facilities, specialty practices, or provider overflow, with potential alignment with UNC Health’s long-term growth strategy. The site consists of two parcels totaling 11.42 acres: 9.61 acres (PIN 9873423183) and 1.81 acres (PIN: 9873520371).
Key Highlights
- Directly adjacent to UNC Hospitals Hillsborough Campus, providing unmatched proximity.
- Located in Hillsborough's rapidly expanding healthcare corridor.
- High visibility and immediate access to NC‑86 and I‑40.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 27278, NC
28,846
Population
12,328
Households
2.3
Avg Household Size
43
Median Age
54%
College-Educated
91%
High-School Grad
103.7 sq mi
ZIP Area
278
Density / Sq Mi
$101,821
Median Household Income
$51,380
Median Earnings
$1,294
Median Rent
$380,000
Median Home Value
Market
Properties on Market for Land in Hillsborough
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Frequently Asked Questions
What type of property is this?
Land - 11.42 acres adjacent to UNC Hospitals Hillsborough Campus.
Where is this land located?
The property is located at 502 Waterstone Drive Hillsborough, NC.
What is the asking price?
The asking price for this property is $5,120,000.
What are key features of this property?
This property features: Directly adjacent to UNC Hospitals Hillsborough Campus, providing unmatched proximity.; Located in Hillsborough's rapidly expanding healthcare corridor.; High visibility and immediate access to NC‑86 and I‑40.
