Waterstone South Medical Outparcels

502 Waterstone Drive, Hillsborough, NC 27278

Property Information

  • For Sale $5,120,000
  • Property Type VacantLand
  • Lot Size 11.42 Acre
  • Date Updated Mar 11, 2026

Description

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, which now includes two additional lanes stretching westward from 15-501 in Durham/Chapel Hill to I-85 toward Greensboro. This major infrastructure upgrade enhances connectivity and positions the site for strong regional accessibility for patients, providers, and visitors alike.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.

Highlights

  • COMBINED OFFERING (11.42 acres): $5,120,000
  • Ideal for outpatient facilities, specialty practices, or provider overflow
  • PARCEL 1 (9.61 acres): $3,370,000 ($350,000/acre)
  • PARCEL 2 (1.81 acres): $1,750,000 ($966,850/acre)
  • Potential alignment with UNC Health’s long-term growth strategy
  • Two parcels totaling 11.42 acres: 9.61 acres (PIN 9873423183) + 1.81 acres (PIN: 9873520371)
  • UNC Adjacency Advantage: Directly borders UNC Hospitals Hillsborough Campus
  • Zoning: Planned Development - Conditional Zoning

Contacts

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