2235 Princeton Kenly Rd Kenly, NC 27542
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.
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
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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.