000 NC 56 Highway
Franklinton, NC 27525
Burlington Park Townhome Development · Land For Sale
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5.09 AC
Investment Highlights
- 20' Townhouse Concept (20x55) = 120 Units
- 30% of the units must be in the name of homeowners to apply for the next 50 units.
- Buyers should be aware of the water allocation rules for Franklinton. Builders can apply for 50 units of allocations at a time.
- This is a worthwhile investment opportunity for a homebuilder looking to enter the Triangle market.
Property Facts
| Property Type | Land | Proposed Use | Single Family Development |
| Property Subtype | Commercial | Total Lot Size | 5.09 AC |
| Zoning | Planned Development - Planned Development | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 5.09 AC |
| Zoning | Planned Development - Planned Development |
Description
On the northern edge of The Research Triangle Park, lies the Town of Franklinton. Just off US 1, Franklinton is less than a 10-minute drive to North Raleigh, and less than 30 minutes to the I440 beltline. This residential development opportunity sits directly across from one of the largest employers of the county, Novozymes of North America. At nearly 14 acres, this tract has immediate access to municipal water and sewer. Previously approved for an apartment complex, the seller has plans to submit a new townhome site plan for 120 units (20x55). This site requires no major offsite improvements and has pre-existing zoning approvals (PUD). The seller retains all former field studies from the prior approval. With nearly 500’ of paved road frontage along NC 56 and less than 1 mile into downtown Franklinton, the location is superb. The seller is willing to hold through the site plan approvals and full construction drawings. Call listing agent Cory Bowes for more details.
Property Taxes
| Parcel Number | 045812 | Improvements Assessment | $0 |
| Land Assessment | $60,000 | Total Assessment | $60,000 |
Property Taxes
