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Existing Land Uses <br />The US 70 /Cornelius Street con-idol' s characterized by single- family dwellings on large lots, <br />-al retail interspersed with hand 710 of there ta eralso manybracant andluude utiliozed parcels that, rezoned <br />Along this sect nt a for additional commercial and mixed <br />and consolidated, may provide significant opportunities <br />residential development approximately 12 active <br />According to the US 70 /Cornelius Street corridor Strategic Plan there are <br />parcels, only 12 are zoned for connnercial uses. Town staff, <br />businesses along the corridor, including "a Laundromat, ABC store, barbershop, convenience sore, <br />PC rezoning of parcels, given appropriate development <br />and motel." Of the 21 vacant p ether, allowing <br />however, have voiced support for p close tog <br />proposals. Overall, vacant and existing commercial properties are grouped <br />for' easier coordination between existing businesses and new cotmmercial development. <br />Nearly all of the 30 existing Parcels zoned for commercial use were labldachaRea Sesfio <br />Development" in the corridor plan. There are some significant come topographic e line. <br />development on lots along the eastern portion of the coll 30 feet Of tile front oprope property line. <br />et <br />and Hill Road. These 13 p <br />arcels have a steep g' topographic <br />presence of exist in development leaves roughly 35 parcels and a total of 17.7 <br />Utilizing an analysis of development potential of parcels from the 2007 Corridor Plan, topog <br />challenges and the p' <br />acres of land ready for redevelopment An additional four acres are available for redevelopmen <br />with significant improvements necessary. y area <br />1 store and <br />Land uses along <br />Clrurton Street portion <br />The no <br />Of n-residential properties include aranotel stud <br />supply o d <br />those West greater concentration of commercial and retail space <br />ois a of the corridor, but nothing very substantial. Two large <br />a church. In this area there is a slightly g' <br />compared to the western p space immediately to the east of chrton Street. <br />cemeteries use up most of the av ailable p acel P <br />Even further east there is additional residential development; a cluueh on the north side of shopping <br />between Orange Highide of Gwen Road; ad; reenl oilthe nodlBoulev rd and St11May'sdRoad ;aping <br />center on the no 's Road. <br />convenience store and tire shop at the intersection with St. Mary <br />Current Real Estate Market Conditions <br />lre us 70/cnnrelins street corridor and <br />To assess existing real estate market cond1eioPlo�e t Beam and Town staff conducted a group <br />throughout the Town of Hillsborough, <br />interview session with three prominent local real estate brokers and developers. One unique <br />outcome of these interviews was the acknowledgment that the historic aversion to large scale <br />22 <br />