509 E. Market Street, Smithfield, NC, 27577

509 E. Market Street Smithfield, NC 27577

509 E. Market Street, Smithfield, NC, 27577
509 E. Market Street, Smithfield, NC, 27577
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,300,000
Last Verified:
Nov 24, 2025

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Highlights

  • Heart of downtown Smithfield
  • 200 ft. of road frontage
  • Sidewalk
  • Convenient for downtown living and shopping
  • 2nd tract fronts 6th street

Description

509 E. Market Street offers a rare 2.5-acre development-ready site in downtown Smithfield with strong visibility, excellent frontage, and walkable access to local amenities. The combination of residential and commercial zoning—coupled with a pending upgrade to B-2 district—makes this property highly attractive for mixed-use, retail, office, or residential redevelopment. Proximity to Growth: Located within Smithfield’s central business district, an area experiencing revitalization and mixed-use development opportunities.

Walkable to restaurants, retail shops, offices, and entertainment venues. Nearby civic buildings and cultural attractions enhance foot traffic.

Lot Size: 2.5 acres


Documents

Sale Brochure (L)

Map of 509 E. Market Street, Smithfield, NC, 27577

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.