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    433 Us-70 Selma, NC 27576

    Sponsored
    For Sale
    $1,400,000

    High-traffic location, prime development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5-acre commercial land parcel in Selma, NC, presents a lucrative investment opportunity. Located at the I-95/US 70 interchange in an Opportunity Zone, this property boasts unparalleled access to major highways and high-traffic areas, making it ideal for diverse development projects. The IHI zoning allows for a variety of uses, and essential utilities including water, sewer, and natural gas are readily available. An existing access easement to Hwy 70 is in place. The property's strategic location near retail centers like the Carolina Premium Outlets and numerous dining establishments ensures high visibility and strong potential for growth. Currently, 1.20 acres are under construction for a quick-service restaurant. The seller is open to considering both ground lease and sale options, providing flexibility for various investment strategies. This prime location in Johnston County's Raleigh-Durham submarket offers significant potential for investors seeking to capitalize on a thriving commercial landscape. The land is priced at $1,400,000, with a land value of $8.24 per square foot. The property's APN is 261409-15-0471. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly developing area.

    Property Features for 433 Us-70

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • I‑95 Exit 97 adjacency.
    • Opportunity Zone location.
    • Water, sewer, and natural gas available.
    • Existing Hwy 70 access easement.
    • Potential for subdivision and varied development uses.
    • Sale or ground lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.291011773633
    Latitude
    35.520819935857

    Nearby Comparable

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    Nearby Similar for Sale

    • $675,000
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      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.
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    • $120,000
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      Selma Retail Space - I-95 Visibility

      High-traffic I-95 retail space available for lease.
      49 Jr Rd, Selma, NC 27576
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    • $900,000
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      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 - High-traffic location, prime development.
    Where is this land located?
    The property is located at 433 Us-70 Selma, NC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: I-95 Exit 97 adjacency.; Opportunity Zone location.; Water, sewer, and natural gas available.
    (919) 585-5327
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    433 Us-70 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
    433 Us-70 Selma, NC 27576
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