Old Nc 86 Hillsborough, NC 27278
- Commercial real estate
- 3.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Old Nc 86
- Lot size
- 3.05 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.05-acre commercial property in Hillsborough, NC, presents a unique investment opportunity. Strategically located on Old NC Highway 86, it boasts unparalleled access to major transportation arteries, being just one mile south of I-85 and half a mile north of I-40. Its prime location offers proximity to key destinations, including the UNC Hospitals Hillsborough Campus (one mile away) and adjacent to UNC Urgent Care. The surrounding area is experiencing significant growth, with nearby developments including townhomes and established retailers such as Walmart, Home Depot, and several fast-food chains. The property benefits from its prestigious proximity to UNC Chapel Hill and Duke University, as well as the thriving communities of Chapel Hill and Durham. Zoning is under Orange County jurisdiction, with potential for annexation into the Town of Hillsborough. The property's versatility allows for a wide range of development possibilities, including office or medical facilities, hotels or restaurants, warehouse/office flex space, or even residential development. There's also the potential to combine this property with two adjacent parcels for a total of 11.57 acres, enabling larger-scale projects or phased developments. Offered at $650,000, this represents exceptional value for a high-demand location with flexible use potential in one of North Carolina's most desirable regions. This is a rare opportunity for investors and developers seeking a strategic site to realize their vision.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsborough
- County
- Orange
- State
- North Carolina
- Longitude
- -79.104
- Latitude
- 36.0534