Property summary
This ±1.4-acre parcel presents a prime ground lease opportunity in Hillsborough, North Carolina. Ideally situated off I-85 near the intersection of Old NC-86, this property boasts exceptional visibility and accessibility. The HIC (High Intensity Commercial) zoning allows for a wide range of commercial development options, including retail, food service, or other commercial establishments. Its strategic location provides convenient access to major transportation arteries like I-40, placing it within easy reach of a substantial consumer base. The surrounding area features a mix of established businesses, including hotels (such as the Holiday Inn Express), diverse dining and retail options, and significant residential development in the form of numerous subdivisions and apartment complexes. The property's APN is 9863886897. This location offers unparalleled potential for high traffic and strong returns on investment. The address is 111 Cardinal Dr, Hillsborough, NC 27278. This is a single-tenancy land opportunity.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HI · Hillsborough, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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