0 NC 56 Hw

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0 NC 56 Hw

Franklinton, NC 27525
Asking Price
$2.00M
Asset Type
Land
Class
Class B

What's Special

Located on NC Highway 56 in Franklinton, North Carolina, this undeveloped land parcel sits within a transitioning corridor of Franklin County. The property provides direct frontage on a primary east-west state highway, positioning it between the downtown Franklinton commercial district and the US-1 bypass. The surrounding neighborhood features a mix of established residential subdivisions, light industrial facilities, and local retail centers. Regional accessibility is supported by the proximity to US-1, which serves as a major commuter artery connecting the site to Henderson to the north and the Raleigh-Durham metropolitan area to the south. The site is suited for commercial development or light industrial use, pending local zoning compliance. Potential use cases include self-storage facilities, small-scale retail strips, or contractor yards requiring equipment storage. The typical tenant or owner-occupant profile includes regional service providers, logistics firms seeking satellite locations, or developers focusing on community-scale commercial projects. The parcel offers a flat topography characteristic of the region, allowing for flexible site planning to accommodate customer parking or fleet management needs.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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