2402 Us-1 Franklinton, NC 27525
This exceptional 278.554-acre property, located at 2402 US-1 in Franklinton, North Carolina (zip code 27525), presents a significant development opportunity. Zoned GB (Heavy Industrial), this land boasts excellent visibility and access from the east side of US Highway 1, a major thoroughfare connecting Raleigh, Richmond, and Washington, D.C. The site benefits from existing infrastructure including a 16-inch water line, sewer access on the north side, gas on the east side of US-1, electricity, telephone service, and rail access. The asking price is $9,765,000, translating to $35,000 per acre. The property features rolling topography with several large, flat areas suitable for various industrial uses. Its location within Franklin County, part of the Duke Readiness Program, places it within the Research Triangle Community, a region experiencing significant growth in manufacturing and technology. The property's proximity to the Raleigh-Cary Metropolitan Area, Research Triangle Park (RTP), and Raleigh-Durham International Airport provides access to a substantial workforce and consumer base of approximately 2.3 million people within a one-hour drive. Furthermore, the site benefits from its proximity to major transportation corridors including I-85, I-40, I-540, I-495, and I-95, as well as Triangle North Executive Airport, and the ports of Wilmington and Morehead City. The property is also within 40 miles of the planned CSX Carolina Connector Intermodal Rail Terminal in Rocky Mount, NC. Existing area manufacturers include Novozymes, Eaton Corporation, K-Flex USA, Palziv, PRTI, Captive-Aire Systems, Southern Lithoplate, and Xerium. An adjacent property owner is a cooperating party and willing to sell, with development plans encompassing both parcels. Comprehensive traffic impact studies and environmental reports are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.