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    Freeway Dr Reidsville, NC 27320

    For Sale
    $500,000

    11.91 Acres, High-Growth Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 11.91-acre parcel presents a remarkable opportunity for retail or multi-family development in the thriving Reidsville, NC market. Strategically located at 0 Freeway Drive, this property boasts a prime position between established businesses such as Reidsville Nissan, Belmont Animal Hospital, and Tractor Supply Co., ensuring high visibility and convenient access for potential customers. The site's proximity to existing multi-family developments further underscores its suitability for a mixed-use project. The expansive acreage offers significant flexibility for developers seeking to create a substantial retail center or a large-scale multi-family community. This is a blank canvas ready for a visionary project to capitalize on the area's growth trajectory. The property is currently listed at $500,000, representing a compelling investment opportunity given its size, location, and development potential. Its location in Reidsville offers access to a growing population and a strong local economy. The absence of existing structures allows for complete design freedom and efficient construction. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. This is a rare chance to acquire a significant land holding in a desirable location with excellent potential for substantial returns. Don't miss this chance to shape the future of Reidsville's commercial landscape.

    Property Features for Freeway Dr

    General Information

    Property type
    Retail properties
    Lot Size
    518,800 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.63251
    Latitude
    36.31309

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    FAQs

    What type of property is this?
    Retail property - 11.91 Acres, High-Growth Potential
    Where is this retail property located?
    The property is located at Freeway Dr Reidsville, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    (678) 634-2169
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    Freeway Dr Reidsville, NC 27320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Freeway Dr Reidsville, NC 27320
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