37.62 ac. Available Commercial / Mixed Use

Highlights:

• - Zoned B-3 R-20 for versatile development opportunities
• - Access to 8" water line at Magnolia Drive
• - Sewer availability for enhanced development potential
• - Rare, one of the last larger tracts in Smithfield
• - Central location ideal for local and tourist accommodation
• - Positive town support for the parcel

Description:

Prime investment opportunity awaits with the property at 236 Magnolia Drive in Smithfield, NC. Boasting B-3 R-20 zoning and situated in the rapidly growing Johnston County, Raleigh-Durham submarket area, this expansive 37.62-acre parcel is a rare find for retail and strip center and multi-family for investors. Benefit from the infrastructure advantage of an 8" water line at Magnolia Drive, with sewer available. As one of the last remaining larger tracts in Smithfield, its central location is perfectly positioned to cater to both local residents and visitors. Additionally, the favorable support from the town further enhances the potential of this highly sought-after parcel.

Discover an unbeatable investment opportunity in the thriving Raleigh-Durham submarket. The property at 236 Magnolia Drive, Smithfield enjoys a prime location, offering convenient access to I-95, I-40, and Hwy 70 future I-42. Multifamily, Mixed Use would make this an idea location for land investors. Embrace the potential for growth and opportunity in this vibrant and rapidly expanding region. Area business include Carolina Premium Outlet Center, Johnston Community College, hotel and restaurants.

Raw land next to Venture Drive off Magnolia Dr. end of cul-de-sac. Fees for public service (4" tap) Sewer, Water, Water meter set fee and system development fee have been paid. Those fees would change based on development. Was permitted for KOA Campground use. Highest and best use retail/multi-family.

Smithfield

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