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- LoopNet Team
234 Magnolia Dr
Smithfield, NC 27577
234 Magnolia Drive · Land For Sale
·
37.62 AC

Investment Highlights
- Close to I-95. Largest tract within the growing area available.
- The tract already has 8" water lines at Magnolia Drive, and with sewer expected by the end of 2024, public utilities are within reach.
Property Facts
| Property Type | Land | Proposed Use |
Commercial
|
| Property Subtype | Commercial | Total Lot Size | 37.62 AC |
| Zoning | B-3,R-20 - Business | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use |
Commercial
|
| Total Lot Size | 37.62 AC |
| Zoning | B-3,R-20 - Business |
Description
234 Magnolia Drive (37.62 AC.) is a unique opportunity for investors looking for commercial and/or multi-family land. This 37.62-acre parcel is situated in the heart of Smithfield, North Carolina, and offers one of the largest parcels currently available in town. The land is zoned B-3 R-20 and is right for mixed-use development, making it an ideal investment for long-term development plans. The tract already has 8" water lines at Magnolia Drive, and with sewer expected by the end of 2024, public utilities are within reach. Not to mention that essential fees for public utilities service that were part of the original plans for a campground have already been paid. Additional fees might be required based on the project. Investors will be pleased to know that Magnolia Drive is centrally located for both tourists and locals. Demographic data from 2020 ACS - US Census shows that within 5 miles, there is a total population of 29,007, households earning an average income of $47,500, and an average household value of $131,925
Links
Property Taxes
| Parcel Numbers |
Multiple
|
Improvements Assessment | $0 |
| Land Assessment | $1,880,520 | Total Assessment | $1,880,520 |
Property Taxes
- 15008015
- 15L11008K
- 15008008
- 15008018
- 15O99002H
- 15L11008Y
Listing ID: 28616273
Date on Market: 5/31/2023
Last Updated:
Address: 234 Magnolia Dr, Smithfield, NC 27577
The Land Property at 234 Magnolia Dr, Smithfield, NC 27577 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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