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    317 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870

    Sponsored
    For Sale
    $175,000

    High-traffic location, near I-95.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land parcel, located at 317 Summitt Ave (extending to Old Farm Road) in Roanoke Rapids, NC, 27870, presents a unique investment opportunity. Priced at $175,000, this property boasts a prime location less than a half-mile from the Halifax Regional Center and within one mile of I-95. Its strategic position is further enhanced by its proximity to a thriving commercial corridor, surrounded by established medical facilities (including adult medicine, orthopedics, urgent care, surgical associates, dialysis, and dental practices), major retailers like Walmart, Starbucks, and Belk, as well as other businesses such as a veterinary hospital, fitness centers, and government offices. The high traffic count and easy access to I-95, Highway 158, and Highway 125 make this an ideal site for a variety of commercial ventures. While two small homes are situated on the property, they are considered of no value and the sale is strictly for the commercial land itself. Adjacent commercial properties are also available (MLS 132183, 132185). This is a rare chance to acquire a highly visible and accessible commercial lot in a rapidly growing area. The property's size is not specified.

    Property Features for 317 Summitt Ave Old Farm Rd

    General Information

    Property type
    Land

    HighLights

    • Exceptional commercial land investment opportunity in Roanoke Rapids, NC, priced at $175,000.
    • Prime location less than 0.5 miles from Halifax Regional Center and within 1 mile of I‑95.
    • High traffic count and easy access to major highways (I‑95, Hwy 158, Hwy 125).
    • Surrounded by established medical facilities, major retailers (Walmart, Starbucks, Belk), and other businesses.
    • Two existing homes on the property are considered of no value; sale is for land only.
    • Adjacent commercial properties also available (MLS 132183, 132185).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke Rapids
    County
    Halifax, NC
    State
    North Carolina
    Longitude
    -77.639361
    Latitude
    36.4302531

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    FAQs

    What type of property is this?
    Land - High-traffic location, near I-95.
    Where is this land located?
    The property is located at 317 Summitt Ave Old Farm Rd Roanoke Rapids, NC.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Exceptional commercial land investment opportunity in Roanoke Rapids, NC, priced at $175,000.; Prime location less than 0.5 miles from Halifax Regional Center and within 1 mile of I-95.; High traffic count and easy access to major highways (I-95, Hwy 158, Hwy 125).
    (252) 532-9194
    Request Owner's contact information
    317 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870
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    Roanoke Rapids, NC 27870
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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
    317 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870
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