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502 Waterstone Drive Hillsborough, NC 27278

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For Sale
$5,120,000

11.42 acres adjacent to UNC Hospitals Hillsborough Campus.

Type:Land
Property size:
11 SF
Added:
Nov 26, 2025
Days on Market:
128
Last Refresh:
Apr 1 at 9:15 pm

Property Features for 502 Waterstone Drive

General Information

Standard status
Active
Size
11 SF
Property subtype
Land

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Listing Contact
Will Smith
Will Smith

Listing agent Will Smith

Listing office

Listing date Nov 26, 2025

Source Lee-associates

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


Overview

Hillsborough Medical Office Outparcels

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).
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Hillsborough
County
Orange
State
North Carolina
Longitude
-79.0824
Latitude
36.0821

FAQs

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.
More about this property
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