224 Oakdale Dr Hillsborough, NC 27278
- Commercial real estate
- 4.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 224 Oakdale Dr
- Lot size
- 4.62 lot acres
- Property type
- Commercial real estate
- APN
- 9863-86-4896
Description
This exceptional 4.62-acre commercial land parcel, located at 224 Oakdale Drive in Hillsborough, North Carolina (zip code 27278), presents a unique investment opportunity. Currently zoned R1 Orange County, this property boasts a gentle slope eastward towards Oakdale Drive and is covered in mature hardwood forest. Its central location offers easy access to major employment hubs and points of interest within the Triangle and Triad regions, including UNC Hospital, Duke University, and Research Triangle Park. The property's strategic positioning near I-40 and I-85 ensures excellent connectivity. The highest and best use is projected to be annexation and rezoning, potentially allowing for the development of townhomes or single-family residential units. Utilities are readily accessible, with Hillsborough municipal water available on the north side of Oakdale Drive and sewer access at the Old 86 intersection. The APN is 9863-86-4896. This offering presents a compelling chance to capitalize on the growing demand for residential development in a highly desirable location. The asking price for this remarkable property is $625,000.
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
- -79.1064697
- Latitude
- 36.0501514
