2510 Hillsborough St Raleigh, NC 27607
- Commercial real estate
- 7,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2510 Hillsborough St
- Year built
- 1947
- Property size
- 7,800 SF
- Property type
- Commercial real estate
Description
This exceptional 7,800 square foot restaurant space at 2510 Hillsborough Street in Raleigh, North Carolina, is available for sale at $2,750,000 ($352.56/sq ft). The property, built in 1947, is currently vacant and zoned NX, offering significant potential for a new owner. Located in a vibrant area adjacent to North Carolina State University's campus and close to downtown Raleigh, this multi-tenant retail building benefits from high foot traffic and proximity to other retail establishments and restaurants. The flexible layout allows for an open-air concept, catering to various restaurant styles. The property's unique location presents a compelling opportunity. Furthermore, there's significant development potential, with plans allowing for up to a seven-story expansion, incorporating over 90 student housing bedrooms alongside ground-level retail space. Detailed plans for this expansion are available upon request. This is a rare chance to acquire a prime restaurant location in a high-demand area with substantial upside potential. The lease type is NNN. The property is situated in Wake County, NC, zip code 27607.
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
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6683756
- Latitude
- 35.7880709
