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    Richardson Dr Kenly, NC 27542

    Sponsored
    For Sale
    $450,000

    64 Acres, I-95 Access, Rail Spur

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 64-acre commercial property in Kenly, NC, presents a rare investment opportunity. Boasting over 1600 feet of paved public road frontage on Richardson Drive, this expansive tract offers unparalleled visibility and accessibility. Its strategic location at I-95 exit 106 ensures high traffic volume and convenient access to major transportation routes. A significant feature is the inclusion of a non-operational railroad spur, providing potential for unique industrial or logistical uses. Adding to its versatility, the property also includes 1500 feet of frontage on the Little River and 1300 feet bordering the CSX Railroad, opening possibilities for various development scenarios. Currently zoned A/R, this land is suitable for a wide range of commercial ventures, from small businesses seeking a combined living and working space to larger industrial facilities, subject to appropriate zoning changes. The combination of road frontage, river access, rail proximity, and its location near a major interstate interchange makes this a truly unique and highly desirable property with significant development potential. The existing rail spur, bed, and easement are included in the sale. This is an exceptional opportunity for an investor or business owner seeking a strategically located and versatile property. The asking price is $450,000.

    Property Features for Richardson Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,787,840 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kenly
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.1351
    Latitude
    35.608

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    FAQs

    What type of property is this?
    Commercial real estate - 64 Acres, I-95 Access, Rail Spur
    Where is this commercial real estate located?
    The property is located at Richardson Dr Kenly, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    (843) 546-8212
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    Richardson Dr Kenly, NC 27542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Richardson Dr Kenly, NC 27542
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