0 NC 56 Franklinton, NC 27525

Listing office National Land Realty Apex c***@followupboss.me Show Phone

Listing date Feb 29, 2024

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Investment Insights

Based on property information with market context.

Located at the northern gateway to The Research Triangle Park, this property is in Franklinton, North Carolina, just off US 1. It offers access to North Raleigh within 10 minutes and the I-440 beltline in under 30 minutes. The site is a federally designated Opportunity Zone, suitable for multi-family, mixed-use, and age-restricted developments with potential tax advantages. The tract, formerly the site of Burlington Mills Factory, is surrounded by approved developments, including the DRB Project with 600 residential units and a private school, Burlington Park with 120 townhome units, Cortlandt Manor with 149 single-family homes, and Beekman Place, a 50-unit townhome project within 2,000 feet. The legal information includes three parcels: 1865-57-8232, comprising 11.6 acres; 1865-66-9977, comprising 1.59 acres; and 1865-67-2355, comprising 0.36 acre. With an expanding residential base and upcoming infrastructure improvements, Franklinton offers developers an opportunity to participate in a town ready for growth and transformation.

Key Highlights

• Located in a federally designated Opportunity Zone, offering potential tax advantages.
• Effortless access to North Raleigh (10‑minute drive) and the I‑440 beltline (under 30 minutes) due to its strategic location off US 1.
• Positioned in Franklinton, a growing community.

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FAQs

What type of property is this?

Commercial land - Land in growing Franklinton, NC, near Research Triangle Park.

Where is this commercial land located?

The property is located at 0 NC 56 Franklinton, NC.

What are key features of this property?

This property features: Located in a federally designated Opportunity Zone, offering potential tax advantages.; Effortless access to North Raleigh (10‑minute drive) and the I‑440 beltline (under 30 minutes) due to its strategic location off US 1.; Positioned in Franklinton, a growing community.