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    Bagwell Ave. & Hillsborough St Burlington, NC 27217

    Sponsored
    For Sale
    Contact for pricing

    1.05-acre vacant lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.05-acre vacant lot presents a prime development opportunity directly across from North Carolina State University in Raleigh, Wake County, NC (zip code 27217). Located at the intersection of Bagwell Avenue and Hillsborough Street, this property boasts unparalleled visibility and accessibility to the university's substantial student population. The CX-5-SH-CU zoning permits a mixed-use development, ideally suited for student housing with integrated retail space on the ground floor. This creates a synergistic environment, benefiting both residents and the surrounding community by providing convenient amenities. The high demand for student housing near NC State, coupled with the property's size and location, ensures a strong potential for long-term investment returns. This is a rare opportunity to capitalize on the consistent growth of the student population and the ongoing development within this thriving area. The property is currently vacant and ready for immediate development. This location offers significant potential for a developer seeking to create a vibrant and profitable project catering to the needs of the university's large student body. The address is Bagwell Ave. & Hillsborough St, Raleigh, NC.

    Property Features for 0 Bagwell Ave. & Hillsborough St

    General Information

    Property type
    Retail properties
    Lot Size
    45,738 SF

    HighLights

    • High‑visibility site directly across from NC State University, providing excellent student access.
    • 1.05‑acre lot ideal for mixed‑use development, combining student housing with ground‑floor retail.
    • Excellent location for student housing due to close proximity to NC State.
    • Ground‑floor retail enhances the student housing and benefits the surrounding community.
    • Strong demand for student housing near NC State ensures high occupancy rates.
    • Prime investment opportunity with long‑term potential due to consistent student population growth and area development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Burlington
    County
    Wake
    State
    North Carolina
    Longitude
    -79.4028639
    Latitude
    36.1602349

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    FAQs

    What type of property is this?
    Retail property - 1.05-acre vacant lot, prime location.
    Where is this retail property located?
    The property is located at Bagwell Ave. & Hillsborough St Burlington, NC.
    What are key features of this property?
    This property features: High-visibility site directly across from NC State University, providing excellent student access.; 1.05-acre lot ideal for mixed-use development, combining student housing with ground-floor retail.; Excellent location for student housing due to close proximity to NC State.
    (919) 888-1285
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    Bagwell Ave. & Hillsborough St Burlington, NC 27217
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    Burlington, NC 27217
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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
    Bagwell Ave. & Hillsborough St Burlington, NC 27217
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