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Investment Highlights

  • Two parcels totaling 11.42 acres: 9.61 acres (PIN: 9873423183) + 1.81 acres (PIN: 9873520371)
  • 65,500 VPD (I-40); 10,500 VPD (NC-86)
  • COMBINED OFFERING (11.42 acres): $5,120,000
  • Directly borders UNC Hospitals Hillsborough Campus
  • Durham Technical Community College and other healthcare-related uses reinforcing Hillsborough’s largest employment sector
  • PARCEL 1 (9.61 acres): $3,370,000 ($350,000/acre); PARCEL 2 (1.81 acres): $1,750,000 ($966,850/acre)

Executive Summary

The Waterstone South Medical Office Outparcels represent a rare opportunity in Hillsborough’s rapidly expanding healthcare corridor. Totaling 11.42 acres across two parcels, the sites sit directly adjacent to the UNC Hospitals Hillsborough Campus, offering unmatched proximity for healthcare-related development.
With medical services representing the largest employment sector in Hillsborough and Durham Technical Community College, located just across the street, the properties are positioned at the center of an established and growing healthcare ecosystem.

Property Facts

Price $5,120,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Medical
Total Lot Size 11.42 AC

1 Lot Available

Lot

Price $5,120,000
Price Per AC $448,336.25
Lot Size 11.42 AC

Directly adjacent to the UNC Hospitals Hillsborough Campus, the parcels enjoy high visibility and immediate access to NC-86 and the newly widened I-40.

Description

The Waterstone South Medical Office Outparcels represent a rare opportunity in Hillsborough’s rapidly expanding healthcare corridor. Totaling 11.42 acres across two parcels, the sites sit directly adjacent to the UNC Hospitals Hillsborough Campus, offering unmatched proximity for healthcare-related development. With medical services representing the largest employment sector in Hillsborough and Durham Technical Community College located just across the street, the properties are positioned at the center of an established and growing healthcare ecosystem.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 9873510737
  • 9873425076
  • 9873422375
  • 9873425271
  • 9873415972
Land Assessment
$622,300
Improvements Assessment
$114,100
Total Assessment
$736,400
  • Listing ID: 38341966

  • Date on Market: 11/5/2025

  • Last Updated:

  • Address: 502 Waterstone Dr, Hillsborough, NC 27278

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