4720 Cleveland Road
Smithfield, NC, 27577 $ 550,440
Bedrooms-- Baths0.0 Monthly Estimate*
$ 3,802
for $550,440. The lot size is 5.28.
Prime 5.28-Acre Development or Private Estate Opportunity - Cleveland Road, Smithfield, NC Welcome to 4720 Cleveland Road, a rare 5.28-acre tract offering a unique blend of privacy, flexibility, and prime location in one of Johnston County's fastest-growing corridors. Whether you envision a private dream home sanctuary, a thoughtfully planned residential community, multifamily development, or general business use, this property delivers exceptional versatility. Enjoy the serenity of acreage living while remaining just 7 minutes from Downtown Clayton and 10 minutes from Downtown Raleigh, perfectly positioning this site between two of the Triangle's most dynamic markets. With quick access to I-40 and I-540, the property provides seamless connectivity to Raleigh, Garner, RTP, and beyond — ideal for commuters, residents, and future tenants alike. For builders and developers, this site presents a highly attractive opportunity with strong market demand, surrounding residential growth, and expanding commercial activity supporting long-term value. The acreage, location, and zoning flexibility allow for efficient site planning, multiple product types, and the ability to respond to today's buyer and renter preferences. For an end user, this property is equally compelling as a private estate or luxury homestead, offering the rare opportunity to create a secluded retreat while remaining close to top schools, shopping, dining, and employment centers. Whether you envision a single-family community, a private luxury residence, a multifamily project, or a mixed-use/business concept, this versatile acreage delivers location, scale, and growth potential in one powerful package. Highlights: 5.28 acres on Cleveland Road Ideal for a private dream home sanctuary or development Minutes to Downtown Raleigh & Clayton Easy access to I-40 & I-540 Strong surrounding growth and demand Residential, multifamily, or general business potential High-growth, high-demand market
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FeaturesGeneralSewer Public Sewer Septic Needed
Utilities Cable Available Electricity Available Phone Available Water Available
Zoning RAG
Association Fee Includes None
Property Subtype Unimproved Land
Current Use Unimproved
Community Features None
County Johnston
Property Type Land
HOA false
Subdivision Name Not in a Subdivision
Possible Use Commercial Development Horses Investment Medical/Dental Multi-Family Residential See Remarks
Other Structures None
Status Active
Directions I-40 to exit Cleveland Road
High School Johnston - Cleveland High School
City Smithfield
Senior Community Y/N false
Lot Size Units Acres
Lot Size Square Feet 229996
Elementary School Johnston - Polenta Elementary
Middle/Junior High School Johnston - Swift Creek Middle School
Standard Status Active
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ExteriorFencing None
Lot Features None
Water Source Public
Lot Size Area 5.28
Lot Dimensions 315x513x495x260x198x205
Lot Size Acres 5.28
Road Surface Type Asphalt
Road Frontage Type State Road 2 Lane Road Public Road
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* Excluded FeaturesList ByL. Calvin RamseyListing Agent
Ramsey Realtors Team IncBroker
ramseyrealtors@ramseyrealtors.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,802
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Smithfield, NC
Average List Price $799,751
Percent of Sale Price 45%
About Smithfield, NC 10,826 Population
4% Since 2002
$ 35,109 Median Income
41.15 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Johnston - Cleveland High School High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $550,440 | | Listed Price |