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    86 At Oakdale Dr Hillsborough, NC 27278

    Sponsored
    For Sale
    $2,500,000

    5.5-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.5-acre commercial land parcel presents a unique investment opportunity in the thriving town of Hillsborough, North Carolina. Located at the highly visible corner of South Churton Street (Old 86) and Oakdale Drive, this property benefits from its strategic position near major transportation arteries. South of Interstate 85 (Exit 164) and north of Interstate 40 (Exit 261), it enjoys convenient access for commuters and businesses alike. The proximity to the new UNC Hospital facility at Waterstone further enhances its appeal. The site is zoned ESU (Entrance Way Special Use) and has already undergone significant site preparation. This includes rough grading, the installation of retaining walls and landscape buffers, and the completion of all necessary utility connections. A substantial amount of finished parking and lighting is already in place, minimizing development costs and expediting the construction process. Importantly, all required road improvements, including turn lanes and a signalized intersection, have been completed by the original developer. Further road improvements in the area are considered unlikely, ensuring long-term stability and accessibility. This ready-to-develop site offers an unparalleled opportunity to capitalize on Hillsborough's growth and create a thriving commercial venture. The asking price is $2,500,000.

    Property Features for 86 At Oakdale Dr

    General Information

    Property type
    Land
    Lot Size
    239,580 SF

    HighLights

    • 5.5‑acre commercial lot zoned ESU (Entrance Way Special Use).
    • Site is rough graded with retaining walls and landscape buffers installed.
    • All utilities are connected; significant finished parking and lighting are in place.
    • Turn lanes and a signalized intersection (road improvements) are complete.
    • Further road improvements are unlikely.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.1027296
    Latitude
    36.0513817

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    FAQs

    What type of property is this?
    Land - 5.5-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 86 At Oakdale Dr Hillsborough, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 5.5-acre commercial lot zoned ESU (Entrance Way Special Use).; Site is rough graded with retaining walls and landscape buffers installed.; All utilities are connected; significant finished parking and lighting are in place.
    (919) 493-0395
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    86 At Oakdale Dr 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
    86 At Oakdale Dr Hillsborough, NC 27278
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