Property profile

131 Cornwallis Cmns Dr Clayton, NC 27520

OFF-MARKET
Land
5.7 ac lot
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Property summary

AI-generated overview

This exceptional 5.7-acre commercial land parcel presents a remarkable investment opportunity in the thriving Clayton, North Carolina market. Located at 131 Cornwallis Commons Dr., this pad-ready site boasts a prime location at a signalized intersection on NC Hwy 42, situated between I-40 and NC Hwy 70. Its strategic position ensures high visibility and accessibility, placing it within a rapidly expanding area experiencing significant growth. The property benefits from its adjacency to newly constructed Sheetz and Precision Tune Auto Care, further enhancing its commercial appeal. Included in the sale is membership in the Cornwallis Commons Owners Association. Utilities are already stubbed to the site, and a storm water retention pond is in place, minimizing development hurdles and expediting the construction process. The property is zoned GB-CZ (general business - conditional zoning), allowing for a broad range of retail and commercial uses. The seller is open to subdividing the property into smaller parcels, offering flexibility for various development scenarios. With a land value of $14 per square foot and an asking price of $3,476,088, this property represents a compelling investment prospect in a high-growth area. The property's APN is 163800-80-6227, located in Johnston County.

Property profile

Verified
Property type Land
Lot 5.7 ac (248,292 SF)

Cap rate & NOI

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

Location

131 Cornwallis Cmns Dr Clayton, NC 27520
Clayton metro
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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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