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    1700 Nc 86 Hillsborough, NC 27278

    Sponsored
    For Sale
    $2,200,000

    15.3 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.3-acre industrial land parcel presents a compelling investment opportunity in Hillsborough, North Carolina. Strategically located off I-85, near Exit 165, this property boasts 2,600 feet of frontage on Highway 86 and Business 70, ensuring high visibility and convenient access. Its prime location offers significant advantages for retail and commercial development, with existing city services including water, sewer, and natural gas readily available. While most development plans will require rezoning to Entranceway Special Use, the potential for growth is undeniable. The property's proximity to major retailers like Walmart, Home Depot, and the Hampton Pointe Shopping Center (located half a mile south in the southwest quadrant of I-85) further enhances its appeal. High traffic counts support the site's viability; I-85 sees 41,000 vehicles daily, while the property itself enjoys 9,400 cars per day passing by (based on 2012 data). The asking price is $2,200,000, translating to $4 per square foot of land value. This represents a rare chance to acquire a significant tract of land in a thriving area with excellent development potential. The address is 1700 NC 86 South, Hillsborough, NC 27278, in Orange County.

    Property Features for 1700 Nc 86

    General Information

    Property type
    Land
    Lot Size
    666,468 SF

    HighLights

    • $2,200,000 asking price for 15.3 acres of industrial land.
    • Located in Hillsborough, NC, at 1700 NC 86 South, with 2,600 feet of highway frontage.
    • City services available (water, sewer, natural gas); rezoning required.
    • High visibility near I‑85, Walmart, Home Depot, and Hampton Pointe Shopping Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0871005
    Latitude
    36.0887108

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    FAQs

    What type of property is this?
    Land - 15.3 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 1700 Nc 86 Hillsborough, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for 15.3 acres of industrial land.; Located in Hillsborough, NC, at 1700 NC 86 South, with 2,600 feet of highway frontage.; City services available (water, sewer, natural gas); rezoning required.
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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
    1700 Nc 86 Hillsborough, NC 27278
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