Burlington Park Townhome Development

SOLD 13.99 +/- Acres
Click below to agree to the terms of use.

By clicking the I accept button at the bottom of this page, or by otherwise using the National Land Realty, LLC (“NLR”) website and accessing any content, you agree to be bound by the following terms of use, as updated from time to time (“Terms of Use”).

  1. Disclaimer about Information Provided. Maps available through this website contain representations of land features compiled from aerial photography, remote sensing technology, recorded deeds and plats, other public records and public data. Users of these maps are hereby notified that the aforementioned public primary information sources should be consulted for verification of the information contained in these maps. These maps are NOT A LAND SURVEY. National Land Realty, LLC, does not warrant the accuracy, reliability or timeliness of any information on this website, including, without limitation, any information relating to any prior sales of any real property, specifically including the purchase price. Portions of such information may be incorrect or not current. Any personal entity that relies on any information obtained from this website does so at his or her own risk. National Land Realty, LLC, hereby disclaims any and all liability arising from the information provided on this website. Any person or entity relying on information from this site does so at their own risk.
  2. Prohibited Uses. BY USING THE NLR WEBSITE, YOU AGREE NOT TO:
    1. reproduce, modify, distribute, display or otherwise provide access to, create derivative works from, decompile, disassemble, or reverse engineer any portion of the website or the services provided by the website, except as explicitly permitted under these Terms of Use;
    2. reproduce, publicly display, or otherwise make accessible on or through any other website, application, or service any reviews, ratings, and/or profile information about real estate, lending, or other professionals, underlying images of or information about real estate listings, or other data or content available through the NLR website, except as explicitly permitted by NLR;
    3. conduct automated queries (including screen and database scraping, spiders, robots, crawlers, bypassing “captcha” or similar precautions, and any other automated activity with the purpose of obtaining information from the NLR website) on the NLR website;
  3. Indemnification. You agree to indemnify, defend, and hold harmless NLR, its affiliates, and their respective directors, officers, employees, and agents from any and all claims and demands made by any third party due to or arising out of: (a) your access to or use of the NLR website; (b) your breach of these Terms of Use; (c) your violation of any law or the rights of a third party; (d) any dispute or issue between you and any third party; and (e) your willful misconduct. NLR reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, and in that case, you agree to cooperate with NLR’s defense of that claim.
  4. No Warranties. THE SERVICES AND INFORMATION PROVIDED ON NLR’S WEBSITE ARE PROVIDED "AS IS," "WITH ALL FAULTS" AND "AS AVAILABLE," AND THE ENTIRE RISK AS TO SATISFACTORY QUALITY, PERFORMANCE, ACCURACY, AND EFFORT IS WITH YOU. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NLR AND ITS SUPPLIERS MAKE NO REPRESENTATIONS, WARRANTIES OR CONDITIONS, EXPRESS OR IMPLIED. NLR AND ITS SUPPLIERS EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES OR CONDITIONS, EXPRESS, STATUTORY AND IMPLIED. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU THROUGH THE NLR WEBSITE OR ANY MATERIALS AVAILABLE THROUGH THE NLR WEBSITE WILL CREATE ANY WARRANTY REGARDING ANY NLR ENTITY OR THE NLR WEBSITE THAT IS NOT EXPRESSIVELY STATED IN THESE TERMS OF USE. YOU ASSUME ALL RISK FOR ANY DAMAGE THAT MAY RESULT FROM YOUR USE OF OR ACCESS TO THE NLR WEBSITE, AND ANY MATERIALS, INCLUDING ALL NLR MATERIALS, AVAILABLE THROUGH THE NLR WEBSITE. YOU UNDERSTAND AND AGREE THAT YOUR USE OF THE NLR WEBSITE, AND USE, ACCESS, DOWNLOAD, OR OTHERWISE OBTAINMENT OF MATERIALS THROUGH THE NLR WEBSITE, ARE AT YOUR OWN DISCRETION AND RISK, AND THAT YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR PROPERTY (INCLUDING YOUR COMPUTER SYSTEM OR MOBILE DEVICE USED IN CONNECTION WITH THE NLR WEBSITE), OR THE LOSS OF DATA THAT RESULTS FROM THE USE OF THE NLR WEBSITE. SOME JURISDICTIONS MAY PROHIBIT A DISCLAIMER OR WARRANTIES AND YOU MAY HAVE OTHER RIGHTS THAT VARY FROM JURISDICTION TO JURISDICTION.
All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

Why You'll Love It

On the northern edge of The Research Triangle Park, lies the Town of Franklinton. Just off US 1, Franklinton is less than a 10-minute drive to North Raleigh, and less than 30 minutes to the I440 beltline. This residential development opportunity sits directly across from one of the largest employers of the county, Novozymes of North America.

At nearly 14 acres, this tract has immediate access to municipal water and sewer. Previously approved for an apartment complex, the seller has plans to submit a new townhome site plan for 120 units (20x55). This site requires no major offsite improvements and has pre-existing zoning approvals (PUD). The seller retains all former field studies from the prior approval.

With nearly 500’ of paved road frontage along NC 56 and less than 1 mile into downtown Franklinton, the location is superb. The seller is willing to hold through the site plan approvals and full construction drawings. Call listing agent Cory Bowes for more details.  

Read More

Parcel #/ID

1865-66-9405, 1865-65-9889

Legal Information

PIN 1865-66-9405, 1865-65-9889

Property Highlights
  • Click here to access our Interactive Digital CRE Brochure
  • 20' Townhouse Concept (20x55) = 120 Units
  • This is a worthwhile investment opportunity for a homebuilder looking to enter the Triangle market. 
  • Buyers should be aware of the water allocation rules for Franklinton. Builders can apply for 50 units of allocations at a time. 30% of the units must be in the name of homeowners to apply for the next 50 units. 

2023 Taxes:

$5,648

Zoning:

Planned Development

Future Land Use:

Planned Development

Commercial Market:

Raleigh MSA

Commercial Submarket:

Franklinton

Listing ID#:

2448599


Location
0 NC 56 Highway
Franklinton, NC 27525
Coordinates:

36.10131234278 , -78.434945696212

From I-540 West, take exit 14 to US-1. Travel north for 17 miles. Take the exit for NC-56. The site is located 1.9 miles on the right next to Hey 56 Food Mart.

All land qualifies for a 1031 exchange!
Contact
Land by State
Land Professionals by State