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    Nc 56 Hwy Franklinton, NC 27525

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    13.55 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 13.55-acre commercial land parcel in Franklinton, NC, presents a unique investment opportunity. Situated at the northern gateway of the Research Triangle Park and conveniently located off US 1, this property offers unparalleled access to North Raleigh (10-minute drive) and the I-440 beltline (30-minute drive). The site boasts 1,900 feet of frontage along NC 56, a major east/west connector, with paved city streets on all four sides ensuring easy ingress and egress. Previously zoned as a Mixed Use District, the future land use is designated General Commercial, perfectly aligning with Franklinton's rapid residential growth. Surrounding developments include approved projects totaling over 800 residential units and a private school, creating high demand for retail and commercial amenities. A visionary site plan includes five commercial buildings ranging from 8,000 to 32,000 square feet. The property is within city limits with readily available water, sewer, and gas. Comprehensive due diligence has been completed, including Phase 1 and Phase 2 environmental studies and a boundary survey. Furthermore, the Town has approved a greenway traversing the property, connecting downtown to Novozymes, a major local employer. This is a remarkable chance to capitalize on Franklinton's exciting growth trajectory. The property's strategic location, infrastructure, and approved zoning make it ideal for a variety of commercial developments.

    Property Features for 0 Nc 56 Hwy

    General Information

    Property type
    Land
    Lot Size
    590,238 SF

    HighLights

    • 13.55‑acre commercial land parcel in Franklinton, NC, near Research Triangle Park.
    • 1,900 feet of frontage on NC 56, with paved city streets on all sides.
    • General Commercial zoning, ideal for Franklinton's residential growth.
    • Site plan includes five commercial buildings (8,000‑32,000 sq ft).
    • Completed Phase 1 & 2 environmental studies and boundary survey.
    • City utilities (water, sewer, gas) available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklinton
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.434783317661
    Latitude
    36.103305975542

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    FAQs

    What type of property is this?
    Land - 13.55 Acres, Prime Location
    Where is this land located?
    The property is located at Nc 56 Hwy Franklinton, NC.
    What are key features of this property?
    This property features: 13.55-acre commercial land parcel in Franklinton, NC, near Research Triangle Park.; 1,900 feet of frontage on NC 56, with paved city streets on all sides.; General Commercial zoning, ideal for Franklinton's residential growth.
    (919) 646-2455
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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
    Nc 56 Hwy Franklinton, NC 27525
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