Description

Jones Lang LaSalle, a North Carolina licensed real estate broker, is actively marketing 100 finished lots within the approved Alston Ridge & Pine Valley communities (the "Property" or "Site"), representing an exceptional residential development opportunity in Franklinton, NC. The Property's strategic location, just 4 miles from US HWY 1, provides future residents with direct access to Downtown Raleigh and Research Triangle Park (60,000+ jobs) in under 45 minutes. Future residents will also benefit from an adjacent grocer-anchored retail center, offering convenient access to daily essentials.

The site is positioned at the corner of Lane Store Road and Cedar Creek Road, directly across from Franklinton High School. Given the area's proximity to the greater Triangle region, Franklinton has experienced increased residential development interest from homebuilders and land entitlement groups, driven by annual population growth approaching 3%. In the immediate corridor, Lennar, Mungo Homes, DRB Homes, and GreenHawk Development have all made recent investments in residential projects to accommodate the area's growth.

The Property currently has in-place Planned Development (PD) zoning, with lots estimated to be delivered in early Q3 2027. All 100 lots will have utility commitments from Franklin County without any phasing limitations. Additional phases will be subject to phasing requirements; however, these 100 lots provide a competitive advantage and expedited product delivery for builders.

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