618 Hillsborough St Raleigh, NC 27603-1732
Property profile & analytics
618 Hillsborough St Raleigh, NC 27603-1732
- Drive through restaurants
- 864 SF
- 0.38 lot acres
Property ID
US53-2061108
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Char Grill / Restaurant
- O K L C / Cafe & Coffee Shop
Property Details for 618 Hillsborough St
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.38 lot acres
- Property size
- 864 SF
- Zone code
- NX-7
- Property type
- Drive through restaurants
- APN
- 1703.06-49-2349 0072810
- APU
- 1703064923490072810
Description
This exceptional 0.68-acre parcel in downtown Raleigh's vibrant Glenwood South offers a rare development opportunity. Situated directly across from the landmark Bloc83 mixed-use development, this property benefits from its prime location within a thriving retail center generating over $1.2 billion in annual resident and visitor spending, with food and beverage tax collections exceeding $124 million. The combined 618 and 630 Hillsborough Street addresses encompass two buildings totaling between 13,440 and 16,552 square feet, currently housing a restaurant and a closed garage. The property is zoned Downtown Mixed-Use, allowing for up to 20 stories and a variety of uses including hotel, retail, apartments, office, and industrial space. A site plan for a 3,200 square foot restaurant is already approved, with renderings available upon request. This is one of the last remaining development sites in this highly sought-after area, presenting a unique chance to capitalize on the significant growth and investment in downtown Raleigh. The property's 11 units and its strategic location offer exceptional potential for a high-return investment. The permitted zoning ensures flexibility for a wide range of development options, catering to diverse market demands. This is a truly remarkable opportunity to create a landmark development in one of Raleigh's most dynamic neighborhoods.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6485
- Latitude
- 35.7811
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,341
$2,151,890
$16,889
$2,168,779
-
$2,151,890
$16,889
$2,168,779
