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433 US Hwy 70 E - Commercial Land Development Opportunity 3.47 Acres of Commercial Land Offered at $1,400,000 in Selma, NC 27576
Investment Highlights
- Property adjacent to I-95 exit 97.
- Water, Sewer and Natural Gas available.
- Potential to subdivide for varied development uses.
- Located in "Opportunity Zone".
- Adjacent lot on same parcel recently sold to Dunkin Donuts!
- Owner will consider ground lease or sale.
Executive Summary
Discover the prime investment opportunity in the thriving Smithfield-Selma market. Situated in an Opportunity Zone, this property offers convenient access to US Hwy 70 and is surrounded by a thriving commercial landscape. Investors will appreciate the close proximity to retail hotspots, including the Carolina Premium Outlets and the Selma Antique District. The area boasts a strong retail presence, making it an ideal location for a Free-Standing Building and Hospitality. With its strategic location and access to major transportation arteries, this property presents an exceptional opportunity for retail investors seeking to capitalize on the dynamic growth of the in the area. Located at the I-95/US 70 (Future I-42) interchange (Exit 97) in Selma. Property is 18 miles to I-40 via I-95, 23 miles to Goldsboro via US 70 and 31 miles to Raleigh via US 70 to I-40. Property is in the Federally designated "Opportunity Zone". Census reports show 7-9 million visitors per year to the area. Walking distance to several QSR's and less than a mile from Carolina Premium Outlet Center.
Property Facts
1 Lot Available
Lot
| Price | $1,400,000 | Lot Size | 3.47 AC |
| Price Per AC | $403,458.21 |
| Price | $1,400,000 |
| Price Per AC | $403,458.21 |
| Lot Size | 3.47 AC |
- Zoned IHI with versatile development potential - Adjacent to I-95 (Exit 97) for prime accessibility - Located in an "Opportunity Zone" for investment incentives - Essential utilities available: water, sewer, & natural gas
Description
Adjacent lot on same parcel recently sold to Dunkin Donuts! 4 acre tract now available. 1.20 U/C for QSR. Located at the I-95/US 70 (Future I-42) interchange (Exit 97) in Selma. Property is 18 miles to I-40 via I-95, 23 miles to Goldsboro via US 70 and 31 miles to Raleigh via US 70 to I-40. Property is in the Federally designated "Opportunity Zone". Census reports show 7-9 million visitors per year to the area. Walking distance to several QSRs and less than a mile from Carolina Premium Outlet Center. Available utilities are water/sewer/natural gas. Access easement to 70 required for each parcel
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,571,810 | Total Assessment | $1,571,810 |
Property Taxes
Presented by
433 US Hwy 70 E - Commercial Land Development Opportunity
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