2312 Princeton Kenly Rd Kenly, NC 27542
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.