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

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