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    2510 Hillsborough St Raleigh, NC 27607

    Sponsored
    For Sale
    $2,750,000

    Prime Raleigh restaurant space, vacant, 7,800 sq ft.

    Property size:
    7,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,800 square foot restaurant space at 2510 Hillsborough Street in Raleigh, North Carolina, is available for sale at $2,750,000 ($352.56/sq ft). The property, built in 1947, is currently vacant and zoned NX, offering significant potential for a new owner. Located in a vibrant area adjacent to North Carolina State University's campus and close to downtown Raleigh, this multi-tenant retail building benefits from high foot traffic and proximity to other retail establishments and restaurants. The flexible layout allows for an open-air concept, catering to various restaurant styles. The property's unique location presents a compelling opportunity. Furthermore, there's significant development potential, with plans allowing for up to a seven-story expansion, incorporating over 90 student housing bedrooms alongside ground-level retail space. Detailed plans for this expansion are available upon request. This is a rare chance to acquire a prime restaurant location in a high-demand area with substantial upside potential. The lease type is NNN. The property is situated in Wake County, NC, zip code 27607.

    Property Features for 2510 Hillsborough St

    General Information

    Property type
    Restaurants
    Square Feet
    7,800 SF

    Building Details

    Year Built
    1947

    HighLights

    • 7,800 SF restaurant space for sale at $2,750,000 ($352.56/SF).
    • Vacant, NX‑zoned building in Raleigh, NC (27607), built in 1947.
    • High foot traffic location near NC State University and downtown Raleigh.
    • Flexible layout suitable for various restaurant concepts; open‑air options available.
    • Development potential: up to seven‑story expansion with 90+ student housing units and ground‑level retail (plans available).
    • NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6683756
    Latitude
    35.7880709

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    FAQs

    What type of property is this?
    Restaurant - Prime Raleigh restaurant space, vacant, 7,800 sq ft.
    Where is this restaurant located?
    The property is located at 2510 Hillsborough St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 7,800 SF restaurant space for sale at $2,750,000 ($352.56/SF).; Vacant, NX-zoned building in Raleigh, NC (27607), built in 1947.; High foot traffic location near NC State University and downtown Raleigh.
    Request Owner's contact information
    2510 Hillsborough St Raleigh, NC 27607
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    Raleigh, NC 27607
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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
    2510 Hillsborough St Raleigh, NC 27607
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