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    OFF-MARKET
    Land

    378 Churton St, Hillsborough, NC 27278

    5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5-acre commercial land parcel in Hillsborough, North Carolina, presents a unique dual or triple-use development opportunity. Located at 378 S Churton St, the property boasts fantastic exposure to I-85 and S. Churton Street, offering significant visibility for any commercial venture. The site is zoned HIC, and utilities including city water/sewer, power, and natural gas are readily available. The property is divided into two distinct sections. The smaller eastern portion currently houses a functioning Mexican restaurant, providing immediate income potential. The larger, elevated western portion, previously occupied by a steakhouse and a ten-plex apartment building (both demolished), offers substantial space for new construction. This prime location benefits from the proximity to a new master-planned community under construction less than a mile away, projected to include 950 dwellings, ensuring a strong and growing customer base. The property's APN is 9864807203. With its strategic location, existing infrastructure, and subdivision potential, this 5-acre lot represents a compelling investment opportunity for developers seeking high-impact commercial projects in a thriving North Carolina market. The asking price is $3,750,000.

    Property profile
    Verified
    Property type Land
    Lot 5 ac (217,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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