1303 State Rd, Benson, NC 27504
This exceptional 38-acre residential land development opportunity in Benson, North Carolina, presents a unique investment prospect. Currently encompassing 17 lots, this property (Phase 5 of Eagles Landing, located on State Road 1303, zip code 27504) is poised for immediate development. Construction designs are underway and will soon be submitted to Johnston County and the Department of Transportation for necessary approvals. Entitlement is anticipated within 45-60 days. Upon entitlement, the property will transition into the construction phase, with sales targeted towards qualified builders or a developer to oversee the completion of the lots. The tax value reflects the larger 39-acre parcel. This offering presents a chance to acquire the property AS-IS in its current state. Note that additional phases (1, 2, 3, and 4) are also available on Aquilla Road, offering further expansion potential. This prime location in Johnston County provides easy access to Benson's amenities and surrounding areas. This is an excellent opportunity for investors seeking a high-growth residential land development project. The property's location coordinates are 35.4329006 latitude and -78.5859662 longitude.
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.