www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33881458
33881473

515 Central Street, Clayton, NC 27520

National Land Realty Apex
National Land Realty, Raleigh, NC
Listed by National Land Realty Apex, National Land Realty, Raleigh, NC
$450,000
6 days on market
Updated 6 days ago
Opportunity zone

Downtown Clayton, NC Residential Development Opportunity

Details
Property Type Land
Sub Type Commercial
Acreage 5.870
Zoning RHD and RLL

Strong Townhome Development Potential in the Heart of Downtown Clayton, NC

Marketing description

Exceptional opportunity to acquire approximately 5.87 acres with strong townhome development potential in the heart of Downtown Clayton. The offering consists of two parcels: 515 Central Street (0.84 acres ±), which includes an abandoned/condemned home, and Lot 2 Hillcrest Circle (5.03 acres ±). The property offers road frontage and access to city water and sewer, with sewer infrastructure already in place, making it an attractive candidate for residential development. Lot 2 Hillcrest Circle is zoned RHD (Residential High Density), while 515 Central Street is zoned RLL (Residential Large Lot), providing flexibility for future planning and development. Ideally situated just off Main Street, the property enjoys convenient access to Downtown Clayton's restaurants, shops, entertainment, and amenities, as well as Business Highway 70 for easy commuting throughout the Triangle region. Rarely does a development tract of this size and location become available within Clayton's thriving downtown area. Builders and developers should explore the potential for a high-demand residential community in one of Johnston County's fastest-growing markets.

Investment highlights

  • Click to view the Digital Offering Memorandum
  • Two parcels : 5.03 Acres +/- zoned for Residential High Density and .84 acres zoned Residential Large Lot.
  • Excellent residential townhome development potential near Downtown Clayton with access to city water and sewer.
  • Strong upside potential - priced aggressively!
  • Ideally located near Main Street, Downtown Clayton, just off Business Hwy 70.
  • Abandoned home/septic/well on the .84 acre parcel (515 Central Street). No records of the septic permit with the Town. 10' Utility Easement located on Lot 2, Hillcrest Circle. See LA for details.
  • 5.03 Acre parcel is already zoned for Residential High Density, providing a strong foundation for future residential development potential.
  • 20' Sewer Easement on both parcels, so less infrastructure to install and potentially lower development costs.

Listing Contacts

National Land Realty Apex
National Land Realty, Raleigh, NC
Listed by National Land Realty Apex, National Land Realty, Raleigh, NC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
RLL ResidentialSingle FamilyResidential Large Lot
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 162 uses
View all 162 uses
Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591