Licensed North Carolina Real Estate Broker — Affiliated with G Brokerage

Sell Your Commercial Property in Hillsborough, NC

Hillsborough is the Orange County seat and one of North Carolina's most historically significant towns, where colonial-era architecture, a growing artisan food scene, and proximity to Durham and Chapel Hill create a small-town commercial market with Triangle-adjacent demand dynamics. The town's walkable Churton Street downtown, the Eno River Arts Mill, and a growing cluster of farm-to-table restaurants attract visitors and new residents from across the Triangle. For property owners, Hillsborough offers a market where historic charm, limited supply, and Triangle accessibility combine to support property values that exceed what the town's 9,000 population alone would suggest.

No upfront feesConfidential process$500K - $10M+ properties
2x
Dual Expertise
Business broker + CRE advisor. Most brokers only do one.
90
Day Avg. to Offer
Well-priced properties with strong financials attract fast offers.
$0
Upfront Cost
Success-based fees only. You pay nothing until your property sells.
Market Intelligence

Hillsborough Commercial Real Estate Market

Hillsborough's commercial real estate market operates at the intersection of historic preservation and Triangle metropolitan growth. The town's Churton Street downtown — a remarkably well-preserved colonial and antebellum commercial district — has attracted a critical mass of restaurants, artisan shops, and creative businesses that make it a Triangle dining and day-trip destination. Durham is 15 minutes east, Chapel Hill is 15 minutes south, and I-85/I-40 provides interstate connectivity. This Triangle adjacency means Hillsborough's commercial properties draw customers from a metro area of 2+ million while maintaining authentic small-town character.

The town's commercial inventory is tiny and structurally constrained by the historic district's preservation requirements and Orange County's limited commercial zoning. Churton Street storefronts, the Eno River Arts Mill, and scattered commercial properties along US-70 and NC-86 constitute most of the available space. UNC Hospitals Hillsborough Campus provides healthcare employment and medical office demand. Orange County government offices (county seat) add institutional stability. The artisan food economy — farm-to-table restaurants, specialty food producers, and the Saturday farmers' market — generates commercial demand connected to the local agriculture and food culture.

Hillsborough's buyer pool is highly specialized: Triangle residents investing in the community, Durham and Chapel Hill operators expanding into a market with lower entry costs and authentic character, and lifestyle investors drawn to the town's combination of history, food culture, and rural beauty. Cap rates reflect the scarcity premium — Hillsborough's commercial inventory is so limited that properties rarely come to market, and when they do, buyer interest is strong. For sellers, the key is communicating the Triangle adjacency and irreplaceable character that make Hillsborough commercial properties unique.

10,000+
Population
1.5% annually
Annual Growth
55000
Median Income
0.03
Unemployment
Major Employers: Orange County Government, UNC (nearby), Eno River State Park, local businesses, Orange County Schools
Economic Drivers: Government, Triangle Commuter Economy, Tourism, Agriculture, Professional Services
What's Selling

Top Property Types in Hillsborough

01

Retail & Downtown

Churton Street's restaurant and artisan retail cluster has made Hillsborough one of the Triangle's most talked-about dining destinations. Farm-to-table restaurants, craft cocktail bars, artisan bakeries, and specialty shops create a walkable commercial experience that draws visitors from Durham, Chapel Hill, and beyond. Properties with Churton Street frontage, outdoor dining potential, and historic character command premiums reflecting the street's destination appeal. The Saturday farmers' market and seasonal events generate additional foot traffic that benefits surrounding businesses.

02

Office & Government

UNC Hospitals Hillsborough Campus and Orange County's population generate healthcare demand served by medical offices along US-70 and in the downtown area. The proximity to UNC Health's Chapel Hill main campus means some Hillsborough medical providers operate as satellite locations serving patients who prefer the town's setting to Chapel Hill's congestion. Primary care, behavioral health, and wellness practices align with the community's health-conscious culture. Medical properties near the hospital campus provide income stability in this small but stable market.

03

Industrial & Flex

The Eno River Arts Mill and scattered studio and creative spaces throughout Hillsborough serve the town's artisan and creative economy — potters, woodworkers, artists, and food producers who need workshop, studio, and small production space. This creative economy demand is unique to Hillsborough within the Triangle and reflects the town's identity as a haven for artisans and makers. Properties suitable for creative production, particularly those with character architecture and community visibility, fill a niche that attracts tenants specifically seeking the Hillsborough creative brand.

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Market Data

Hillsborough Cap Rate Ranges

Property TypeTypical Cap Rate
Industrial7.0% - 9.0%
Retail6.5% - 8.5%
Office7.5% - 9.5%
Mixed-Use7.0% - 9.0%
NNN Lease5.5% - 7.0%

Cap rates reflect smaller market size but improving Triangle spillover fundamentals.

Your Advisor

Why Hillsborough Property Owners Work With John Salony

Dual Expertise

Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.

No Wasted Time

Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.

Confidential Process

Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.

Success-Based Fee

You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.

Common Questions

Selling Commercial Property in Hillsborough

Downtown retail and office serving county government are strongest performers.
Most sales take 5 to 12 months. Triangle buyer interest is growing.
Hillsborough's tiny commercial market makes meaningful cap rate ranges difficult to establish — transactions are infrequent. Churton Street retail and restaurant properties trade at 5.0% to 7.5% when available, with prime storefronts at the tightest end. Medical office near UNC Hillsborough trades at 6.0% to 8.0%. Creative and studio space ranges from 6.5% to 8.5%. US-70 corridor commercial varies from 7.0% to 9.0%. The scarcity premium compresses cap rates 50 to 100 basis points below what a 9,000-population town would normally support.
Yes — in Hillsborough's small market, combined transactions are particularly effective because business reputation and the Hillsborough location are deeply intertwined. Restaurant businesses with Churton Street followings, artisan producers with community brand recognition, and creative businesses in iconic spaces all carry a Hillsborough identity premium. John Salony structures these deals to capture the irreplaceable small-town premium that makes Hillsborough commercial properties and the businesses within them unique within the Triangle.
Hillsborough's commercial supply is essentially fixed — historic preservation requirements and limited zoning prevent meaningful new development in the town's core. Triangle growth continues bringing new residents and visitors who discover Hillsborough's dining and cultural scene. The artisan food economy strengthens annually. UNC Hospitals provides institutional stability. For sellers, Hillsborough is a pure scarcity play enhanced by Triangle adjacency — your property's value is anchored by the inability to create competitive new supply. A consultation can help you capture this scarcity premium.
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