2601 Myrtle Ln, Hillsborough, NC 27278
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.