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    OFF-MARKET
    Commercial real estate

    224 Oakdale Dr, Hillsborough, NC 27278

    4.62 ac lot
    Property ID
    US53-2473751
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 4.62 ac (201,247 SF)
    APN 9863-86-4896
    UPID US53-2473751
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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