57 Rand St Smithfield, NC 27577
This exceptional opportunity presents two adjacent residential lots, totaling 0.32 acres, ideally situated in the desirable Old Smithfield Mill area. Priced at $54,750, these lots (Lots 56 & 57 Rand St.) are cleared and ready for immediate development, boasting city water and sewer taps already in place. An updated survey is available for review. Note that these lots must be purchased together with adjacent Lots 55 and 58. However, Lots 56 & 57 are subdividable, offering flexibility for potential buyers. This represents one of the largest remaining buildable lots in this sought-after location. Enjoy the convenience of proximity to a wide array of amenities, including shopping, dining, entertainment venues, medical facilities, and higher education institutions. The property benefits from excellent access to major transportation arteries such as I-95, US-70, and US-210. Please be aware that lot lines depicted in any photographs are illustrative only and not precisely accurate. This is a rare chance to acquire prime residential land in a thriving community. The Johnston County location and Smithfield, NC address (zip code 27577) provide a desirable setting for new construction.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.