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Property profile

701 Johnston Pkwy Kenly, NC 27542

OFF-MARKET
Commercial real estate
34.02 ac lot
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Property summary

AI-generated overview

This exceptional 34.02-acre commercial property in Kenly, NC, boasts an unparalleled location with over 1078 feet of frontage along Johnston Parkway, providing significant visibility to the high-traffic flow of Interstate 95. The property also features 1295 feet of paved public road frontage on its northern boundary. Its rectangular shape and dual road frontage offer exceptional flexibility for development. A significant advantage is that the property, including a pond, has already undergone clearing of riparian buffers and jurisdictional wetlands, eliminating potential environmental hurdles. A comprehensive boundary survey is readily available, along with a completed Phase One environmental audit, streamlining the due diligence process for potential buyers. The property's size and strategic location make it ideal for a variety of commercial uses, and the possibility of dividing the land offers further development options. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial parcel in a growing area. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Lot 34.02 ac (1,481,911 SF)

Cap rate & NOI

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

Location

701 Johnston Pkwy Kenly, NC 27542
Kenly 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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