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    1710 Freeway Dr Reidsville, NC 27320

    Sponsored
    For Sale
    $199,977

    High-traffic Reidsville land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.84-acre commercial land parcel in Reidsville, North Carolina, presents a remarkable investment opportunity. Located on Freeway Drive, this property boasts 488 feet of road frontage and enjoys exceptional visibility due to its position amongst established businesses including Sheetz, Rite-Aid, Hardee's, Verizon, and Harbor Freight. Daily traffic counts exceed 25,000 vehicles, a number projected to double within the next decade. The property's zoning (HB/RD) permits a variety of commercial uses, making it suitable for a strip mall, self-storage facility, restaurant, or other highway-oriented businesses. Access is available from all sides, including a paved road leading to the rear. The property is comprised of three contiguous lots, each approximately 0.61 acres, and is offered for sale as a whole for $199,977. The property's location provides convenient access to major highways including US 29, 158, 87, 65, and Highway 14. Parcel number is 175684. This prime location and high traffic volume make this a truly valuable property with significant development potential. Don't miss this chance to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area.

    Property Features for 1710 Freeway Dr

    General Information

    Property type
    Land
    Lot Size
    80,150 SF

    HighLights

    • 1.84‑acre commercial land parcel in Reidsville, NC, with 488 feet of road frontage on Freeway Drive.
    • High visibility location among established businesses (Sheetz, Rite‑Aid, Hardee's, Verizon, Harbor Freight), with daily traffic exceeding 25,000 vehicles.
    • HB/RD zoning allows for various commercial uses, including strip malls, self‑storage facilities, and restaurants.
    • Full access from all sides, including a paved rear road.
    • Three contiguous lots (approx. 0.61 acres each), offered for $199,977.
    • Convenient access to US 29, 158, 87, 65, and Highway 14. Parcel number 175684.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale 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
    -79.69116707
    Latitude
    36.3540214

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    FAQs

    What type of property is this?
    Land - High-traffic Reidsville land, ideal for development.
    Where is this land located?
    The property is located at 1710 Freeway Dr Reidsville, NC.
    What is the asking price?
    The asking price for this property is $199,977.
    What are key features of this property?
    This property features: 1.84-acre commercial land parcel in Reidsville, NC, with 488 feet of road frontage on Freeway Drive.; High visibility location among established businesses (Sheetz, Rite-Aid, Hardee's, Verizon, Harbor Freight), with daily traffic exceeding 25,000 vehicles.; HB/RD zoning allows for various commercial uses, including strip malls, self-storage facilities, and restaurants.
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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
    1710 Freeway Dr Reidsville, NC 27320
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