554 S Cheatham St
- - Strategic Commuter Location — Just 30 minutes from Raleigh, positioning your business to capture Triangle-area growth while benefiting from a lower-cost market.
- - Growth-Oriented Small Town — Franklinton and Franklin County are among the fastest-growing communities in the region, offering opportunities for new commercial infrastructure.
- - Vehicle-Centric Traffic Profile — High vehicle ownership and an average commute of approximately 31.7 minutes make the site well-suited for gas/convenience, retail, or automotive-oriented uses.
- - Stable Residential Base with Spending Potential — Median household incomes indicate capacity for local consumer demand.
- - Development-Friendly Environment — Competitive land costs, favorable permitting processes, and proximity to major regional employment hubs support efficient business development.
- - Dual Demand Streams — Property can serve both local residents and commuting/through-traffic, offering strong potential for anchor or destination businesses.
- - Existing Automotive Site — Previously used as a car lot, allowing for automotive or service-oriented redevelopment with lower entry costs and reduced site preparation requirements.
- - First-Mover Potential — As nearby urban areas continue to densify, Franklinton represents a frontier for residential and commercial spillover growth, providing opportunity for early entrants to establish market presence.
Property Description
-1.34 Acres 200 feet from US Hwy 1 with 20,500 ADT traffic count - Visible from US HWY 1 divided highway lighted intersection -County Water available on the short side of the road -Zoned C-3H (Highway Commercial): allows for explicitly highway-oriented commercial uses like eating establishments, office uses, retail sales/general retail, vehicle sales, vehicle services, self-storage, sales of manufactured homes/rec vehicles. - Within walking distance to Food Lion anchored Franklinton Square which includes: Family Dollar, Napa Auto Parts, The UPS store, Subway ABC Store, Hometown Cafe, Chen's Kitchen, Tobacco World, Cuban Style Barbershop, Roma Pizza, and Julie's Nails Salon -Prime location just north of the Raleigh–Durham–Chapel Hill & Research Triangle Park - Franklinton is miles 25.9 miles from Raleigh and 9.5 miles from Wake Forest. -Located in Franklin County, which is among the fastest-growing counties in the greater Triangle region, supporting strong development momentum. -As key urban markets (Raleigh, Wake Forest) become increasingly congested and expensive, communities like Franklinton are well-positioned to capture the overflow of residents, commuters and services. -With the town serving as a gateway / growth edge for the triangle’s suburban spread, there is opportunity to capture the “first stop” services for commuting traffic or future residential expansions.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,300,000 |
| Lot Size: | 1.34 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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