1 Berkshire Rd, Smithfield, NC 27577
This exceptional 2.93-acre parcel presents a remarkable opportunity for commercial development in the thriving town of Smithfield, North Carolina. Located at 1 Berkshire Road, this property boasts a highly desirable location, offering excellent visibility and accessibility. The expansive acreage provides ample space for a variety of commercial ventures, from retail establishments and restaurants to light industrial uses or office complexes. The site's generous size allows for substantial building footprints and ample parking, catering to the needs of a diverse range of businesses. Its strategic position within Smithfield ensures convenient access to major transportation routes, facilitating seamless logistics and attracting a substantial customer base. The property is currently vacant, providing a blank canvas for a new development tailored to specific business requirements. This presents a unique chance to establish a significant presence in a growing community with a strong local economy. The asking price of $199,000 represents an attractive investment opportunity for developers and entrepreneurs seeking to capitalize on the potential of this prime commercial land. Serious inquiries are encouraged to explore the possibilities and secure this exceptional property. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built facility perfectly aligned with the buyer's vision. This is a rare chance to acquire a substantial commercial lot in a desirable location, offering significant long-term growth potential.
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
Similar Nearby for Lease
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.