Overview
OFFERING PRICE $8,000,000
STATUS Fully Entitled Multifamily Development Site
DELIVERY Permit-Ready Site Delivered Within 30 Days of Final Approvals
PERMIT TIMELINE Anticipated Late May – Early June 2026
PROJECT PROGRAM ±234 Multifamily Units ±4,500+ SF First-Floor Commercial (Building One)
LOCATION Heart of Clayton, North Carolina Johnston County | Parcel ID: 166800-74-6900
Clayton Village Center represents a rare, fully entitled multifamily development opportunity located in the heartbeat of Clayton, North Carolina, one of Johnston County’s fastest-growing and most supply-constrained residential submarkets. The project is entitled for ±234 multifamily units complemented by ±4,500+ square feet of first-floor commercial space in Building One, supporting a walkable, mixed-use environment well-suited for neighborhood-serving retail and services.
The site has been in active coordination with the Town of Clayton for several years. While the sellers had not previously developed a multifamily project within Clayton, they strategically engaged Dave DeYoung, VP of RiverWILD Development and former Head of Planning for the Town of Clayton, to guide the entitlement process through final municipal approvals. That effort has resulted in a fully entitled project with permits expected to be issued in the May–June 2026 timeframe.
The sellers and their investor group are positioned to move vertical immediately upon permit issuance, offering an incoming developer or capital partner a uniquely de-risked opportunity with clear timing, approvals in place, and strong market fundamentals. However, they have other opportunities that may be more fruitful for them which is why they are looking to sell at this stage.
Investment Highlights
Employment Base & Demand Drivers
Clayton Village Center is located minutes from several of the largest and most stable employers in Johnston County, creating durable housing demand and long-term occupancy stability:
- Novo Nordisk — ~3.5 miles One of the region’s most significant life-science employers, with ongoing investment and expansion in Clayton.
- Grifols Therapeutics — ~4.5 miles Major global biopharmaceutical presence anchoring the Clayton life-science corridor.
- Caterpillar — ~6.0 miles Large industrial and manufacturing employer providing a diverse employment base.
- UNC Health Johnston — ~3.8 miles Full-service regional healthcare system and one of the county’s largest employment anchors.
In addition, Johnston County has another major job announcement anticipated, expected to bring 450+ new jobs to the immediate area, further strengthening demand fundamentals and reinforcing Clayton’s position as a high-growth residential market.
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Strategic Location & Accessibility
Clayton Village Center benefits from excellent connectivity to employment centers, retail, healthcare, and regional transportation infrastructure:
- I-540 / Raleigh Outer Loop connection: ~7.2 miles
- Downtown Clayton: ~2 miles
- UNC Health Johnston – Clayton campus: ~3.8 miles
The site’s central Clayton location positions residents within short drive times of daily necessities, employment, and regional access routes to Raleigh, Garner, and the greater Triangle.
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Key Location Distances (approx.)
Nearby retail & daily needs
- Clayton Corners (shopping center) – ~2.8 mi
- Lowes Foods (11711 Clayton Blvd) – ~2.8 mi
- Walmart Supercenter (805 Town Centre Blvd) – ~4.0 mi
Nearby public schools
- West Clayton Elementary – ~2.1 mi
- Clayton Middle School – ~2.8 mi
- Clayton High School – ~2.1 mi
- Riverwood Elementary – ~4.3 mi
Medical
- UNCHealth Johnston – Clayton (hospital campus) – ~3.8 mi
Regional connectivity
- I-40 / NC-540 connection (Exit 309 area) – ~7.2 mi
Distance Note
All distances are approximate driving distancesmeasured from a representative point near the subject parcel along US-70 Business / Clayton Blvd.
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