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Property profile

2235 Princeton Kenly Rd Kenly, NC 27542

FOR SALE
Land
Property ID
US53-2577003
41.59 ac lot
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Property summary

AI-generated overview

This exceptional 41.59-acre property in Kenly, North Carolina, presents a unique investment opportunity. Located in Johnston County, this land boasts a versatile AG zoning designation, opening doors to a variety of commercial, residential, and industrial uses. Approximately 13 acres are already cleared, simplifying development plans. The property's strategic location offers unparalleled accessibility, situated just a quarter-mile from I-95 Exit 106, ensuring convenient access to major transportation routes. County water is readily available, eliminating a significant hurdle in the development process. The land's size and zoning make it ideal for multi-family residential projects, or a range of other commercial or industrial ventures. The asking price is $1,455,650, translating to a land value of $0.80 per square foot. This represents a compelling opportunity for investors seeking a substantial land holding with significant development potential in a rapidly growing area. The address is 2235 Princeton Kenly Road, Kenly, NC 27542. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 41.59 ac (1,811,660 SF)
UPID US53-2577003

Cap rate & NOI

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

Location

2235 Princeton Kenly Rd 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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