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    OFF-MARKET
    Land

    2601 Myrtle Ln, Hillsborough, NC 27278

    20.23 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 20.23-acre commercial land parcel presents a unique investment opportunity in Hillsborough, North Carolina. Located at 2601 Myrtle Ln, this property boasts convenient access to key amenities and infrastructure. Its strategic location offers easy access to Research Triangle Park, UNC Hospitals Hillsborough Campus, various grocery stores, pharmacies, and the vibrant downtown Hillsborough area. The gentle topography makes it particularly suitable for residential development projects. A comprehensive soil suitability report is readily available for review. Further details, including aerial photography, are accessible through supplemental materials. The property is zoned R-1 by Orange County, with a minimum lot size requirement of 40,000 square feet. While situated adjacent to the town of Hillsborough, it's important to note that it is not located within the extraterritorial jurisdiction (ETJ). Public water and sewer services are conveniently located nearby. This expansive lot offers significant potential for a variety of development ventures, making it an attractive proposition for discerning investors. The asking price for this remarkable property is $600,000. Detailed information and supporting documentation are available upon request. The zip code is 27278.

    Property profile
    Verified
    Property type Land
    Lot 20.23 ac (881,219 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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