2969 Cornwallis Rd Garner, NC 27529
This exceptional 10 to 52-acre commercial property presents a unique investment opportunity in Garner, North Carolina. Located at 2969 Cornwallis Road, this strategically positioned land boasts a prime location at the crossroads of Cleveland Road and Cornwallis Road, benefiting from high visibility and convenient access. The property is zoned AR and offers significant development potential, suitable for a variety of uses including retail, office, mixed-use, or special purpose projects. Currently vacant, this expansive site allows for complete design flexibility. Its proximity to the new I-40 interchange on Cleveland Road (just 2 miles away) ensures excellent connectivity and accessibility. The surrounding area is experiencing robust growth, with established businesses such as Hardee's, Dollar General, a daycare center, convenience store, animal hospital, and an auto dealership already present. Furthermore, the property's location near Cleveland Elementary, Cleveland Middle School, and Westview Elementary schools adds to its appeal. The seller will subdivide the property to accommodate various development plans. This is an exceptional chance to capitalize on the thriving commercial market in Johnston County. Don't miss this opportunity to acquire a highly desirable and versatile property in a rapidly growing area.
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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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.