740 Cornelius StHillsborough, NC 27278

  • Commercial real estate
  • 1,980 SF
For Sale
$300,000 View listing

Property Details for 740 Cornelius St

Year built
1952
Lot size
2.67 AC
Property size (Sq ft)
1,980 SF
Zone code
HI
Property type
Commercial real estate
APN
9865-50-4145
APU
9865504145

Description

This exceptional 2.01-acre commercial land parcel presents a remarkable investment opportunity in Hillsborough, North Carolina. Strategically located directly on Highway 70, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any business venture. Its prime location offers endless possibilities for development, making it ideal for a diverse range of commercial uses. Conceptual plans, included in supplemental documents, showcase potential development scenarios, including but not limited to, retail spaces, restaurants, or office buildings. These visual aids provide a clearer understanding of the site's potential and the various configurations possible. The property's size and location within a growing area promise significant return on investment. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving market. The exceptional location and development potential make this a truly unique opportunity for discerning investors and business owners seeking a strategic foothold in a rapidly expanding region. Don't miss this chance to secure a piece of Hillsborough's commercial future. Further details and supporting documentation are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $338,762
    Hospitality
    $310,304
    Educational
    $258,170
    Medical
    $267,048
    Retail
    $401,597

Location Insight

City
Hillsborough
County
Orange
State
North Carolina
Latitude
36.086
Longitude
-79.1169
CBSA code
20500
CBSA name
DURHAM-CHAPEL HILL, 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
$8,822
$400,500
$167,600
$568,100
-
$400,500
$167,600
$568,100

FAQs

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