3401-4 Raleigh Rd Pkwy W

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3401-4 Raleigh Rd Pkwy W

Wilson, NC 27896
Asking Price
$1.20M
Asset Type
Land
Class
Class B

What's Special

3401-4 Raleigh Road Parkway West is located in a developing commercial corridor in western Wilson, North Carolina. The property is situated near the signalized intersection of Airport Boulevard, providing high visibility along a major local thoroughfare. The surrounding neighborhood features a mix of established retail centers, medical offices, and professional services. Prominent nearby amenities include the Heritage Crossing shopping center and various national hospitality chains. The site offers efficient regional connectivity, positioned less than two miles from the Interstate 95 interchange and approximately 45 miles east of downtown Raleigh. This land asset is suited for commercial development, particularly for retail, professional office, or quick-service restaurant use. The location’s proximity to major highways and existing service hubs makes it a viable candidate for hospitality projects or medical outparcels. Typical tenants for this site include national retailers seeking presence in the Wilson market, medical groups requiring proximity to residential rooftops, and logistics-based businesses prioritizing interstate access. The flexible zoning and existing infrastructure in the surrounding area support a wide range of highway business applications intended to serve both local residents and regional travelers.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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