1205-1211 Hillsborough St
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1205-1211 Hillsborough St
7,463 SF 75% Leased Retail Building Raleigh, NC 27603 $2,650,000 ($355/SF)
Investment Highlights
- Prime Location: Situated on bustling Hillsborough Street near NC State University and Downtown Raleigh, providing high visibility and easy access to k
- Development Potential: Zoned OX-3, allowing for versatile mixed-use projects, including high-rise commercial and residential developments.
- Vibrant Market Area: Located in a high-demand, growth-oriented district surrounded by shops, restaurants, and a steady stream of university and downto
- Income-Generating Asset: Features four total units, with three currently rented, delivering consistent rental income and immediate return on investmen
- Spacious Building: Encompasses 7,463 sq. ft. of space on a 0.25-acre lot, offering flexibility for redevelopment or customization.
- Ideal for Investors and Developers: Perfect for those seeking stable income or a transformative development project in one of Raleigh's most desirable
Executive Summary
This remarkable property presents an outstanding investment and development opportunity in the heart of Raleigh. Located on the highly sought-after Hillsborough Street near NC State University and Downtown Raleigh, the site boasts a 7,463 sq. ft. building on a 0.25-acre lot with four units, three of which are currently rented and generating consistent income.
Strategically positioned in a vibrant, high-demand area, this property offers exceptional development potential. Its OX-3 zoning allows for mixed-use projects, making it an ideal candidate for a teardown and the creation of a high-rise commercial and residential combination building. With proximity to major amenities and points of interest, this property provides the perfect foundation for transformative growth.
Whether you're an investor seeking stable returns or a developer with grand ambitions, 1207 Hillsborough Street is a rare gem in Raleigh's competitive market. Seize this opportunity today!
Strategically positioned in a vibrant, high-demand area, this property offers exceptional development potential. Its OX-3 zoning allows for mixed-use projects, making it an ideal candidate for a teardown and the creation of a high-rise commercial and residential combination building. With proximity to major amenities and points of interest, this property provides the perfect foundation for transformative growth.
Whether you're an investor seeking stable returns or a developer with grand ambitions, 1207 Hillsborough Street is a rare gem in Raleigh's competitive market. Seize this opportunity today!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,463 SF
Building Class
C
Year Built
1937
Price
$2,650,000
Price Per SF
$355
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Zoning
C - Commercial
Parking
18 Spaces (2.41 Spaces per 1,000 SF Leased)
Frontage
66 FT on Hillsborough St
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
1 of 3
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Presented by
SweetHome Investment Realty
1205-1211 Hillsborough St
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