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    00 Freeway Dr Reidsville, NC 27320

    Sponsored
    For Sale
    $595,000

    9.39 Acres, High-Visibility Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 9.39-acre commercial investment opportunity in Reidsville, NC, presents significant potential for developers and investors. Located on Freeway Drive, the property boasts over 280 feet of road frontage, ensuring high visibility and accessibility. Its strategic location offers easy access to Highway 29, placing it within a 30-minute commute of both Danville, VA, and Greensboro, NC. The land is multi-zoned, currently encompassing Highway Business, conditional use Highway Business, and Residential/Agricultural designations, allowing for diverse development options. Some portions of the land are undergoing re-zoning, further enhancing its potential. The property is surrounded by established commercial developments, including a Goodwill store and a neighborhood shopping center anchored by a Lowes Foods, indicating a thriving commercial environment. Residential properties are situated to the north and west, providing a balanced mix of commercial and residential surroundings. Note that a permanent easement exists to the south, providing access to a family cemetery adjacent to the Goodwill store

    Property Features for 00 Freeway Dr

    General Information

    Property type
    Investment properties
    Lot Size
    409,028 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.63251
    Latitude
    36.31309

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    FAQs

    What type of property is this?
    Investment property - 9.39 Acres, High-Visibility Location
    Where is this investment property located?
    The property is located at 00 Freeway Dr Reidsville, NC.
    What is the asking price?
    The asking price for this property is $595,000.
    (336) 342-2022
    Request Owner's contact information
    00 Freeway Dr Reidsville, NC 27320
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    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
    00 Freeway Dr Reidsville, NC 27320
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