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4880 NC 42 E Hwy - The Waterfront District 16.2 Acres of Commercial Land in Selma, NC 27576

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INVESTMENT HIGHLIGHTS

  • Pad-ready ±16.2-acre site with utilities and infrastructure in place.
  • Located in North Carolina’s largest PUD with 5,600+ homes and 150,000 SF of existing commercial.
  • 25 minutes from Raleigh with access to major highways and regional amenities.
  • Zoned for mixed-use including hospitality, retail, medical, and residential.
  • No city tax status supports reduced carrying costs and stronger ROI.

EXECUTIVE SUMMARY

The property is equipped with utilities including water, sewer, electric, natural gas, and fiber from multiple providers. The property benefits from curbed and guttered infrastructure and a streamlined permitting process through Johnston County, with approvals typically issued within 30–60 days.
Demographics within a 3-mile radius show household incomes exceeding $165,000 and a highly educated, family-oriented population. This location is ideal for developers seeking to capitalize on strong demand for lifestyle-driven housing and commercial offerings in a master-planned environment with built-in consumer density and infrastructure.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 16.20 AC
Zoning PUD - Planned Use Development

1 LOT AVAILABLE

Lot

Lot Size 16.20 AC

Positioned within the award-winning Flowers Plantation, the ±16.2-acre Waterfront District site offers a rare opportunity to shape the future of one of the Triangle region’s most dynamic growth corridors. Located just 25 minutes from Raleigh.

DESCRIPTION

Positioned within the award-winning Flowers Plantation, the ±16.2-acre Waterfront District site offers a rare opportunity to shape the future of one of the Triangle region’s most dynamic growth corridors. Located just 25 minutes from Raleigh and adjacent to established retail, dining, and residential communities, this pad-ready site is fully cleared, graded, and equipped with utilities including water, sewer, electric, natural gas, and fiber from multiple providers. The property benefits from curbed and guttered infrastructure and a streamlined permitting process through Johnston County, with approvals typically issued within 30–60 days. The Waterfront District is envisioned as a vibrant neo-urbanism hub blending hospitality, retail, medical office, townhomes, and multifamily residential. With over 150,000 square feet of commercial space already developed and another 350,000 square feet planned, the area is primed for expansion. The surrounding Flowers Plantation community spans 3,000 acres and includes over 5,600 single-family homes, 30+ miles of walking trails, resort-style amenities, and a thriving town center. The site’s no city tax status enhances its investment appeal, reducing carrying costs and supporting long-term growth. Demographics within a 3-mile radius show household incomes exceeding $165,000 and a highly educated, family-oriented population. This location is ideal for developers seeking to capitalize on strong demand for lifestyle-driven housing and commercial offerings in a master-planned environment with built-in consumer density and infrastructure

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16K05161C
  • 16K05161B
Land Assessment
$651,200
Improvements Assessment
$0
Total Assessment
$651,200
  • Listing ID: 38473368

  • Date on Market: 11/17/2025

  • Last Updated:

  • Address: 4880 NC 42 E Hwy, Selma, NC 27576

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