509 Market St Smithfield, NC 27577
This exceptional 2.5-acre commercial land parcel is ideally situated in the heart of downtown Smithfield, North Carolina, at 509 E Market St, zip code 27577. Boasting 200 feet of road frontage along Market Street, this property offers unparalleled visibility and accessibility. The land is conveniently located for downtown living and shopping, providing easy access to local businesses and amenities. The property comprises two tracts, with one fronting Market Street and the other fronting S. 6th Street. Currently zoned R-8, the property presents a unique opportunity for development. The land value is $11.02 per square foot, totaling an asking price of $1,200,000. Its prime location and substantial road frontage make it an attractive investment for various commercial ventures. This is a rare chance to acquire a significant piece of property in a thriving downtown area, offering exceptional potential for future growth and development. The property's convenient location allows for easy pedestrian access to the downtown area's businesses.
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America Salon Hair Salon Nail Salon
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
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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.