Property profile

1303 State Rd Benson, NC 27504

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1303 State Rd Benson, NC 27504
Benson metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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