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Bagwell Ave. & Hillsborough St Burlington, NC 27217

1.05-acre vacant lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 1.05-acre vacant lot presents a prime development opportunity directly across from North Carolina State University in Raleigh, Wake County, NC (zip code 27217). Located at the intersection of Bagwell Avenue and Hillsborough Street, this property boasts unparalleled visibility and accessibility to the university's substantial student population. The CX-5-SH-CU zoning permits a mixed-use development, ideally suited for student housing with integrated retail space on the ground floor. This creates a synergistic environment, benefiting both residents and the surrounding community by providing convenient amenities. The high demand for student housing near NC State, coupled with the property's size and location, ensures a strong potential for long-term investment returns. This is a rare opportunity to capitalize on the consistent growth of the student population and the ongoing development within this thriving area. The property is currently vacant and ready for immediate development. This location offers significant potential for a developer seeking to create a vibrant and profitable project catering to the needs of the university's large student body. The address is Bagwell Ave. & Hillsborough St, Raleigh, NC.

Highlights

  • High-visibility site directly across from NC State University, providing excellent student access.
  • 1.05-acre lot ideal for mixed-use development, combining student housing with ground-floor retail.
  • Excellent location for student housing due to close proximity to NC State.
  • Ground-floor retail enhances the student housing and benefits the surrounding community.
  • Strong demand for student housing near NC State ensures high occupancy rates.
  • Prime investment opportunity with long-term potential due to consistent student population growth and area development.

Property Details for 0 Bagwell Ave. & Hillsborough St

Property type
Retail properties
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Burlington
County
Wake
State
North Carolina
Latitude
36.1602349
Longitude
-79.4028639

FAQs

What type of property is this?
Retail property - 1.05-acre vacant lot, prime location.
Where is the retail property located?
The property is located at Bagwell Ave. & Hillsborough St Burlington, NC.
What are key features of this property?
This property features: High-visibility site directly across from NC State University, providing excellent student access.; 1.05-acre lot ideal for mixed-use development, combining student housing with ground-floor retail.; Excellent location for student housing due to close proximity to NC State.
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0 Bagwell Ave. & Hillsborough St
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