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    2601 Myrtle Ln Hillsborough, NC 27278

    For Sale
    $600,000

    Prime 20-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20.23-acre commercial land parcel presents a unique investment opportunity in Hillsborough, North Carolina. Located at 2601 Myrtle Ln, this property boasts convenient access to key amenities and infrastructure. Its strategic location offers easy access to Research Triangle Park, UNC Hospitals Hillsborough Campus, various grocery stores, pharmacies, and the vibrant downtown Hillsborough area. The gentle topography makes it particularly suitable for residential development projects. A comprehensive soil suitability report is readily available for review. Further details, including aerial photography, are accessible through supplemental materials. The property is zoned R-1 by Orange County, with a minimum lot size requirement of 40,000 square feet. While situated adjacent to the town of Hillsborough, it's important to note that it is not located within the extraterritorial jurisdiction (ETJ). Public water and sewer services are conveniently located nearby. This expansive lot offers significant potential for a variety of development ventures, making it an attractive proposition for discerning investors. The asking price for this remarkable property is $600,000. Detailed information and supporting documentation are available upon request. The zip code is 27278.

    Property Features for 2601 Myrtle Ln

    General Information

    Property type
    Land
    Lot Size
    881,219 SF

    HighLights

    • 20.23‑acre commercial land parcel in Hillsborough, NC.
    • Located at 2601 Myrtle Ln, offering easy access to Research Triangle Park and UNC Hospitals Hillsborough Campus.
    • R‑1 zoning (Orange County), 40,000 sq ft minimum lot size; not within ETJ.
    • Public water and sewer nearby; gentle topography suitable for residential development.
    • Asking price: $600,000.
    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 Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.1118002
    Latitude
    36.0459275

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    FAQs

    What type of property is this?
    Land - Prime 20-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 2601 Myrtle Ln Hillsborough, NC.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 20.23-acre commercial land parcel in Hillsborough, NC.; Located at 2601 Myrtle Ln, offering easy access to Research Triangle Park and UNC Hospitals Hillsborough Campus.; R-1 zoning (Orange County), 40,000 sq ft minimum lot size; not within ETJ.
    Request Owner's contact information
    2601 Myrtle Ln Hillsborough, NC 27278
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    Hillsborough, NC 27278
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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
    2601 Myrtle Ln Hillsborough, NC 27278
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