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    268 Old Beulah Rd Selma, NC 27576

    Sponsored
    For Sale
    $7,500,000

    121 acres, R-20/R-10 zoning, prime development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 121-acre property in Selma, North Carolina, presents a unique opportunity for mixed-use development. Located at 268 Old Beulah Rd, the land boasts R-20 and R-10 zoning, allowing for a variety of residential and industrial projects. The property's strategic location near Highway 70 Bypass ensures easy access and connectivity. Existing sewer lines significantly reduce infrastructure costs, making this a highly attractive investment. The $7,500,000 asking price offers a compelling value proposition. Proximity to amenities like the Rudy Theatre and Buffalo Creek Greenway adds to the property's appeal, enhancing its potential for residential development. This large parcel offers flexibility, with the possibility of individual tract purchases. The site's potential caters to a range of ventures, from industrial facilities to single-family and multi-family residential communities. This is a chance to capitalize on Selma's growth and create a significant impact on the local landscape. The property's size and zoning make it ideal for large-scale development projects. The convenient location and existing infrastructure contribute to its overall desirability. This is a rare opportunity to acquire a substantial land parcel in a growing area with significant development potential.

    Property Features for 268 Old Beulah Rd

    General Information

    Property type
    Land
    Lot Size
    5,270,760 SF

    HighLights

    • $7,500,000 asking price.
    • 121‑acre land parcel.
    • R‑20 and R‑10 zoning permits industrial and residential development.
    • Located at 268 Old Beulah Rd, Selma, NC 27576.
    • Conveniently located near Hwy 70 Bypass.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Computer & Electronic Repair Nursing Home Assisted Living Facility Dry Cleaner

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.289763253857
    Latitude
    35.560159913137

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    Nearby Similar for Sale

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      Selma Multifamily Investment Opportunity

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    FAQs

    What type of property is this?
    Land - 121 acres, R-20/R-10 zoning, prime development
    Where is this land located?
    The property is located at 268 Old Beulah Rd Selma, NC.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: $7,500,000 asking price.; 121-acre land parcel.; R-20 and R-10 zoning permits industrial and residential development.
    Request Owner's contact information
    268 Old Beulah Rd 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
    268 Old Beulah Rd Selma, NC 27576
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