1205-1211 Hillsborough St | Raleigh, NC 27603
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1205-1211 Hillsborough St
Raleigh, NC 27603
Retail Property For Sale
Investment Highlights
- Situated on bustling Hillsborough Street near NC State University and Downtown Raleigh, providing high visibility and easy access.
- Development Potential: Zoned OX-3, allowing for versatile mixed-use projects, including high-rise commercial and residential developments.
- Located in a high-demand, growth-oriented district surrounded by shops, restaurants, and a steady stream of university and downtown.
- Features four total units, with three currently rented, delivering consistent rental income and immediate return on investment.
- Spacious Building: Encompasses 7,463 sq. ft. of space on a 0.25-acre lot, offering flexibility for redevelopment or customization.
- Perfect for those seeking stable income or a transformative development project in one of Raleigh's most desirable locations.
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
7,463 SF
Building Class
C
Year Built
1937
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.69
Lot Size
0.25 AC
Zoning
C - Commercial
Parking
18 Spaces (2.41 Spaces per 1,000 SF Leased)
Frontage
66’ on Hillsborough St
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 1703.05-29-1936-000 | Improvements Assessment | $39,393 |
| Land Assessment | $2,090,880 | Total Assessment | $2,130,273 |
Property Taxes
Parcel Number
1703.05-29-1936-000
Land Assessment
$2,090,880
Improvements Assessment
$39,393
Total Assessment
$2,130,273
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