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    131 Cornwallis Commons Dr Clayton, NC 27520

    Sponsored
    For Sale
    $3,476,088

    5.7 Acres, Pad-Ready, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.7-acre commercial land parcel presents a remarkable investment opportunity in the thriving Clayton, North Carolina market. Located at 131 Cornwallis Commons Dr., this pad-ready site boasts a prime location at a signalized intersection on NC Hwy 42, situated between I-40 and NC Hwy 70. Its strategic position ensures high visibility and accessibility, placing it within a rapidly expanding area experiencing significant growth. The property benefits from its adjacency to newly constructed Sheetz and Precision Tune Auto Care, further enhancing its commercial appeal. Included in the sale is membership in the Cornwallis Commons Owners Association. Utilities are already stubbed to the site, and a storm water retention pond is in place, minimizing development hurdles and expediting the construction process. The property is zoned GB-CZ (general business - conditional zoning), allowing for a broad range of retail and commercial uses. The seller is open to subdividing the property into smaller parcels, offering flexibility for various development scenarios. With a land value of $14 per square foot and an asking price of $3,476,088, this property represents a compelling investment prospect in a high-growth area. The property's APN is 163800-80-6227, located in Johnston County.

    Property Features for 131 Cornwallis Commons Dr

    General Information

    Property type
    Land
    Lot Size
    248,292 SF

    HighLights

    • $3,476,088 asking price for 5.7 acres of commercial land.
    • Located in Clayton, NC, at 131 Cornwallis Commons Dr., APN 163800‑80‑6227.
    • GB‑CZ (General Business - Conditional Zoning) permits a variety of commercial uses.
    • High‑traffic location on NC Hwy 42, between I‑40 and NC Hwy 70, near Sheetz and Precision Tune.
    • Pad‑ready site with utilities and a stormwater retention pond already installed.
    • Signalized intersection provides excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.53392
    Latitude
    35.6181523

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    FAQs

    What type of property is this?
    Land - 5.7 Acres, Pad-Ready, Prime Location
    Where is this land located?
    The property is located at 131 Cornwallis Commons Dr Clayton, NC.
    What is the asking price?
    The asking price for this property is $3,476,088.
    What are key features of this property?
    This property features: $3,476,088 asking price for 5.7 acres of commercial land.; Located in Clayton, NC, at 131 Cornwallis Commons Dr., APN 163800-80-6227.; GB-CZ (General Business - Conditional Zoning) permits a variety of commercial uses.
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    Clayton, NC 27520
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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
    131 Cornwallis Commons Dr Clayton, NC 27520
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