89 Acres of Land

4475 E US 70 Business Smithfield, NC 27577

4475 E US 70 Business , Smithfield, NC, 27577
4475 E US 70 Business , Smithfield, NC, 27577
FOR SALE
Property Type:
Other Land
Amount:
$3,300,000
Last Verified:
Jul 29, 2024

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Highlights

  • - Commercially zoned land offering diverse development opportunities
  • - Subdividing is possible with owners' approval
  • - Convenient ingress and egress off Hwy 70 Business
  • - Water services readily available for immediate use
  • - Sewer infrastructure in preliminary development stage
  • - Prime 89-acre property spanning a total of 5 tracts
  • - Suitable for hospitality, light industrial, warehouse, retail, and convenience store
  • - Strategic location just 1 mile from I-95 for enhanced accessibility
  • - Bridge meets NCDOT standards for I-42, ensuring seamless connectivity

Description

Unveil the potential of this exceptional commercial property in Smithfield, NC, tailored for land and retail investment. Boasting a prime location just 1 mile from I-95 and adhering to NCDOT standards for I-42, the property offers ideal accessibility and visibility. Situated on 89 acres across 5 tracts, this commercially-zoned land presents diverse opportunities, including light industrial, warehousing, retail, and convenience store usage. With water services readily available and sewer infrastructure in the preliminary development stage, the property is primed for a range of commercial ventures. Featuring convenient ingress and egress off Hwy 70 Business, this property stands as an attractive prospect for investors seeking a strategically positioned and versatile commercial development opportunity.

Immerse yourself in the thriving environment that surrounds the property in Smithfield, NC. As a land or retail investor, you'll find the area strategically located near major highways, providing excellent visibility and accessibility. The nearby Carolina Premium Outlets offer a premier retail destination with an array of renowned brands, while the Ava Gardner Museum provides a rich cultural experience. With a growing population and a strong entrepreneurial community, Smithfield presents a promising market for commercial ventures. Whether you're considering retail or land investment opportunities, the area offers a dynamic and conducive environment for growth and success, making it an attractive prospect for astute investors seeking a thriving commercial ecosystem.

Lot Size: 89.0 acres


Documents

Sale Brochure (L)

Map of 4475 E US 70 Business , 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.