This remarkable property presents an outstanding investment and development opportunity in the heart of Raleigh. Located on the highly sought-after Hillsborough Street near NC State University and Downtown Raleigh, the site boasts a 7,463 sq. ft. building on a 0.25-acre lot with four units, three of which are currently rented and generating consistent income. Strategically positioned in a vibrant, high-demand area, this property offers exceptional development potential. Its OX-3 zoning allows for mixed-use projects, making it an ideal candidate for a teardown and the creation of a high-rise commercial and residential combination building. With proximity to major amenities and points of interest, this property provides the perfect foundation for transformative growth. Whether you're an investor seeking stable returns or a developer with grand ambitions, 1207 Hillsborough Street is a rare gem in Raleigh's competitive market. Seize this opportunity today!