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509 E Market St

2.5 Acres of Commercial Land Offered at $1,300,000 in Smithfield, NC 27577

Investment Highlights

  • Downtown property Smithfield. Walking distance to banks, cleaners, walking trail and other businesses.

Executive Summary

Opportunity for small town living with the ability to walk to any of the downtown business in the area. Consists of 2 tracts one that is approximately .34 ac fronting S. Sixth Street. The Market Street tract has 200 ft of road frontage.

Property Facts

Price $1,300,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Department Store
  • Restaurant
  • Storefront, Retail or Office
Total Lot Size 2.50 AC

1 Lot Available

Lot

Price $1,300,000
Price Per AC $520,000
Lot Size 2.50 AC

Land fronts Market Street and 6th street. Property to be rezoned to B-3 for more opportunity to develop a mixed-use project. Walking downtown makes this attractive area for Smithfield. With shops, movie theater, restaurants and walking trail.

Description

Property is one of the few left available in downtown Smithfield. Value would be a mixed-use development. The land is flat land with sidewalks along Market Street gives the availability to walk to restaurant, dry cleaners, banks, movie theater and walking trail has a nice opportunity for the area.

Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15026023
Land Assessment
$488,690
Improvements Assessment
$4,500
Total Assessment
$493,190

zoning

Zoning Code R-8
R-8
  • Listing ID: 26814937

  • Date on Market: 10/10/2022

  • Last Updated:

  • Address: 509 E Market St, Smithfield, NC 27577

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