2402 Us-1 Franklinton, NC 27525

Property Details for 2402 Us-1

Lot size

278.55 lot acres

Property type

Land

Description

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.