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1001 Corporate Dr

11.1 Acres of Commercial Land Offered at $3,500,000 in Hillsborough, NC 27278

Investment Highlights

  • 11.1 Acres
  • 12 Minutes to Durham and Chapel Hill
  • Zoned: OI (Office Institutional)
  • Short Drive to Historic District and Amenities
  • Close Proximity to Duke and UNC medical campuses

Executive Summary

Seller could potentially rezone to multi-family. Land redevelopment opportunity with 3,212 square-foot building on the property.

Attachments

6 Property Flyer

Property Facts

Price $3,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 11.10 AC

1 Lot Available

Lot

Price $3,500,000
Price Per AC $315,315
Lot Size 11.10 AC

Description

As one of the last mostly undeveloped tracts in the Hillsborough Meadowlands Business Park, this 11.1 acre site offers easy access to I-85 and Historic Hillsborough amenities. The 1922 two story brick farm house has functioned as offices for the adjoining six bed Duke Hospice center which was recently closed. The Meadowlands is home to offices, daycare, retirement center, emergency management, flex, and distribution as well as the Orange County Sportsplex and Passmore Senior Citizens Center. This corner lot offers almost 1500 feet of road frontage and adjoins the Eno Haven Senior affordable housing apartments to the west. Walmart, Home Depot, and Hampton Pointe Shopping Center are 1/2 mile south of the site in SW quadrant of I-85. Office Institutional Uses Include: Adult/Child Daycare, Extended Care, Health Care, Funeral Home, Hotel, School, Office. Seller open to rezoning application process.

  • Listing ID: 27080960

  • Date on Market: 11/9/2022

  • Last Updated:

  • Address: 1001 Corporate Dr, Hillsborough, NC 27278

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