I-95/I-42 Development Opportunity

Highlights

• - 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, and natural gas
• - Access easement to Hwy 70 business for convenience
• - Potential for subdivision to accommodate diverse development ventures
• - Owner open to ground lease or sale options
• - 1.20 acres under contract for Quick Service Restaurant (QSR) development

Description

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. 1.20 ac U/C out of the 5-ac property for a 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 QSR's and less than a mile from Carolina Premium Outlet Center.

As of 2024, Smithfield has a population of 12,821. Since the most recent census in 2020, the population has increased by 12.68% It serves as the county seat of Johnston County. Over the years, the population has been on the rise, growing at an annual rate of 2.77%. Selma is currently growing at a rate of 2.88% annually, and its population has increased by 13.4% since the most recent census in 2020, which recorded a population of 6,358 12. This growth rate indicates that Selma is experiencing positive population dynamics. As of 2021, Selma had a population of approximately 6,320 people.

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