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    OFF-MARKET
    Land

    1700 Nc 86, Hillsborough, NC 27278

    15.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15.3-acre industrial land parcel presents a compelling investment opportunity in Hillsborough, North Carolina. Strategically located off I-85, near Exit 165, this property boasts 2,600 feet of frontage on Highway 86 and Business 70, ensuring high visibility and convenient access. Its prime location offers significant advantages for retail and commercial development, with existing city services including water, sewer, and natural gas readily available. While most development plans will require rezoning to Entranceway Special Use, the potential for growth is undeniable. The property's proximity to major retailers like Walmart, Home Depot, and the Hampton Pointe Shopping Center (located half a mile south in the southwest quadrant of I-85) further enhances its appeal. High traffic counts support the site's viability; I-85 sees 41,000 vehicles daily, while the property itself enjoys 9,400 cars per day passing by (based on 2012 data). The asking price is $2,200,000, translating to $4 per square foot of land value. This represents a rare chance to acquire a significant tract of land in a thriving area with excellent development potential. The address is 1700 NC 86 South, Hillsborough, NC 27278, in Orange County.

    Property profile
    Verified
    Property type Land
    Lot 15.3 ac (666,468 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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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