Development Opportunity

611 S Brightleaf Boulevard Smithfield, NC 27577

611 S Brightleaf Boulevard, Smithfield, NC, 27577
611 S Brightleaf Boulevard, Smithfield, NC, 27577 611 S Brightleaf Boulevard, Smithfield, NC, 27577
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,200,000
Last Verified:
Jul 24, 2024

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Highlights

  • - Zoned B-3 for versatile development opportunities
  • - Ideal for storage units or a commercial strip center
  • - Access to Smithfield water and sewer (consult with town for capacity)
  • - Convenient location within the Raleigh/Durham area
  • - Easy access to I-95 and Hwy 70 for seamless connectivity

Description

Elevate your multifamily investment portfolio with the prime potential offered by the property at 611 Brightleaf Blvd in Smithfield, NC. Zoned B-3, this property presents a wealth of development opportunities, from versatile commercial strip centers to strategically positioned storage units. Enjoy the convenience of Smithfield water and sewer access (consult with town for capacity), ensuring seamless utility connections for future development. With its strategic location, the property offers easy access to I-95 and Hwy 70, enhancing its appeal for multifamily investors seeking well-connected and dynamic investment opportunities within the thriving Raleigh/Durham market. Embrace the potential for lucrative development ventures in this strategically positioned and versatile property.

Situated in Smithfield, NC, the area surrounding 611 Brightleaf Blvd offers a compelling blend of suburban tranquility and access to Raleigh/Durham's dynamic market. Boasting a growing population and a thriving economy, the region presents a prime opportunity for multifamily investors seeking to tap into the area's burgeoning potential. Nearby attractions such as the Ava Gardner Museum and the Carolina Premium Outlets contribute to the area's appeal, offering a diverse array of entertainment and retail options for future residents. With its close proximity to Raleigh and Durham, the location provides convenient access to employment hubs, educational institutions, and an array of cultural and recreational amenities, making it an enticing prospect for multifamily investment.

Lot Size: 5.47 acres


Documents

611 S Brightleaf Blvd Smithfield - Sale Brochure
611_S_Brightleaf_Boulevard_Smithfield_PLAT.pdf

Map of 611 S Brightleaf Boulevard, 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.