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Property profile & analytics
OFF-MARKET
Commercial real estate

2312 Princeton Kenly Rd Kenly, NC 27542

68.66 ac lot
Property ID
US53-0365005
Property summary
AI-generated overview

This exceptional 68.66-acre tract in Johnston County, North Carolina, presents a unique investment opportunity. Located at 2312 Princeton Kenly Rd, Kenly, NC 27542, this property boasts a combination of cleared and wooded land, zoned AR. The asking price is $2,059,800, translating to a land value of $30,000 per acre. The property's strategic location offers convenient access to Interstate 95, just a quarter-mile from Exit 106, providing excellent connectivity for various commercial and industrial uses. County water is available. This versatile land is suitable for a range of development projects, capitalizing on the significant growth and future development plans within Johnston County. Note that an additional approximately 33 acres across the road are also available for purchase, and further tracts are anticipated in the future. This presents a rare chance to acquire a substantial land holding in a rapidly developing area with excellent infrastructure and accessibility. The property's zoning and location make it ideal for commercial, industrial, or residential development, offering significant long-term investment potential.

Property profile
Verified
Property type Commercial real estate
Lot 68.66 ac (2,990,830 SF)
UPID US53-0365005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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