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    429 Market St Smithfield, NC 27577

    Sponsored
    For Sale
    $850,000

    Prime Smithfield land, B-3 zoning, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.88-acre commercial lot is situated in Smithfield, North Carolina, on bustling US 70 Business (Market Street). Zoned B-3, it offers significant potential for various commercial uses, with a suggested highest and best use as a storage facility. The property's prime location provides high visibility and accessibility, benefiting from proximity to downtown Smithfield and adjacency to a Dollar General store, ensuring consistent traffic flow. The lot is conveniently located within a thriving area of Johnston County, experiencing substantial growth, ranking first in percentage and sixth in total growth for North Carolina. The area boasts a population exceeding 28,000 within a 5-mile radius, with average household incomes of $49,279, creating a robust market for diverse commercial ventures. Water access is available on-site

    Property Features for 429 Market St

    General Information

    Property type
    Land
    Lot Size
    299,693 SF

    HighLights

    • B‑3 Zoning.
    • Smithfield town proximity.
    • Adjacent to Dollar General.
    • Water available.
    • Sewer availability to be verified.
    • Ideal for storage facility development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.355201324046
    Latitude
    35.515682218136

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    FAQs

    What type of property is this?
    Land - Prime Smithfield land, B-3 zoning, high traffic area.
    Where is this land located?
    The property is located at 429 Market St Smithfield, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: B-3 Zoning.; Smithfield town proximity.; Adjacent to Dollar General.
    (919) 585-5327
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    429 Market St Smithfield, NC 27577
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    Smithfield, NC 27577
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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
    429 Market St Smithfield, NC 27577
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