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    87 Ballard Ln Selma, NC 27576

    Sponsored
    For Sale
    $350,000

    5-Acre I-2 Zoned Industrial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5.07-acre industrial lot in Selma, NC, is ideally situated off I-95 Exit 98, less than half a mile from US Hwy 70 (future I-42). Zoned I-2, this all-cleared property presents significant development potential. Its prime location near the Eastfield Development offers easy access to major transportation routes, making it suitable for various industrial uses, including truck parking and flat yard operations. The property features a ditch and water availability. Importantly, this land is located within a federally designated Opportunity Zone, potentially offering attractive tax benefits for investors. The railroad tracks bordering the property provide additional logistical advantages. This exceptional parcel represents a compelling investment opportunity in a rapidly growing area. The flat terrain and cleared nature of the land minimize site preparation costs, accelerating the development timeline. Serious inquiries are encouraged to explore the full potential of this strategically located industrial land.

    Property Features for 87 Ballard Ln

    General Information

    Property type
    Land
    Lot Size
    220,849 SF

    HighLights

    • $350,000 asking price for 5.07 acres of I‑2 zoned industrial land.
    • Located in Selma, NC, near the Eastfield Development and I‑95 Exit 98, less than 0.5 miles from US Hwy 70 (future I‑42).
    • Features a flat yard, suitable for truck parking, and is all cleared.
    • Railroad tracks are adjacent to the property.
    • Located in a federally designated Opportunity Zone.
    • Water available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.270036673749
    Latitude
    35.52737982961

    Nearby Comparable

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      New Duplex in Selma, NC

      New construction duplex with 3 bedrooms and 2.5 bathrooms.
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      Selma Multifamily Investment Opportunity

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    Nearby Similar for Sale

    • $675,000
      Pending

      Renovated Downtown Selma Building

      Renovated building in downtown Selma, near new shopping center.
      111 N Raiford St, Selma, NC 27576
      View Details
    • New
      $460,000
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      New Duplex in Selma, NC

      New construction duplex with 3 bedrooms and 2.5 bathrooms.
      406 E Waddell St, Selma, NC 27576
      View Details
    • New
      $3,400,000
      16,930 SF

      Selma Multifamily Investment Opportunity

      New construction duplexes in downtown Selma, NC.
      207 N Sellers St, Selma, NC 27576
      View Details
    • $120,000
      3.00 Acres

      Selma Retail Space - I-95 Visibility

      High-traffic I-95 retail space available for lease.
      49 Jr Rd, Selma, NC 27576
      View Details
    • $900,000
      6.61 Acres

      321 Batten Rd, Selma, NC 27576

      Commercial real estate • 6.61 Acres
      321 Batten Rd, Selma, NC 27576
      View Details

    FAQs

    What type of property is this?
    Land - 5-Acre I-2 Zoned Industrial Lot
    Where is this land located?
    The property is located at 87 Ballard Ln Selma, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for 5.07 acres of I-2 zoned industrial land.; Located in Selma, NC, near the Eastfield Development and I-95 Exit 98, less than 0.5 miles from US Hwy 70 (future I-42).; Features a flat yard, suitable for truck parking, and is all cleared.
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    87 Ballard Ln Selma, NC 27576
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    Selma, NC 27576
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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
    87 Ballard Ln Selma, NC 27576
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