0 Smithfield Rd, Knightdale, NC 27545
This exceptional 6.48-acre commercial land parcel presents a remarkable investment opportunity in the thriving Knightdale, North Carolina market. Located at 0 S. Smithfield Road, this property boasts 303 feet of frontage, providing excellent visibility and accessibility. The land is currently zoned RT (Rural Transition), but its future land use designation is Neighborhood Mixed-use District and/or Mixed-use Center, opening doors to a wide range of development possibilities. While approximately two acres are subject to a City of Raleigh sewer easement and a 50-foot Neuse riparian buffer, the remaining acreage offers significant potential. This prime location in Wake County, zip code 27545, is strategically positioned for success. Considered development ideas include office space, office condominium developments, mixed-use projects, medical facilities, retail establishments, or multi-tenant retail/medical complexes. The asking price for this exceptional property is $1,400,000. Don't miss this chance to acquire a substantial tract of land with immense development potential in a rapidly growing area. The property's coordinates are 35.762502 latitude and -78.4557462 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.