86 At Oakdale Dr Hillsborough, NC 27278
- Land
- 5.50 lot acres
Current Use by Public Records
- Land
Property Details for 86 At Oakdale Dr
- Lot size
- 5.50 lot acres
- Property type
- Land
Description
This exceptional 5.5-acre commercial land parcel presents a unique investment opportunity in the thriving town of Hillsborough, North Carolina. Located at the highly visible corner of South Churton Street (Old 86) and Oakdale Drive, this property benefits from its strategic position near major transportation arteries. South of Interstate 85 (Exit 164) and north of Interstate 40 (Exit 261), it enjoys convenient access for commuters and businesses alike. The proximity to the new UNC Hospital facility at Waterstone further enhances its appeal. The site is zoned ESU (Entrance Way Special Use) and has already undergone significant site preparation. This includes rough grading, the installation of retaining walls and landscape buffers, and the completion of all necessary utility connections. A substantial amount of finished parking and lighting is already in place, minimizing development costs and expediting the construction process. Importantly, all required road improvements, including turn lanes and a signalized intersection, have been completed by the original developer. Further road improvements in the area are considered unlikely, ensuring long-term stability and accessibility. This ready-to-develop site offers an unparalleled opportunity to capitalize on Hillsborough's growth and create a thriving commercial venture. The asking price is $2,500,000.
Value Estimation
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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
- -79.1027
- Latitude
- 36.0514
