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    Morehead St Reidsville, NC 27320

    Sponsored
    For Sale
    $2,500,000

    Prime Reidsville development land, 100+ acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 100.42-acre commercial land parcel presents a significant development opportunity in the thriving city of Reidsville, North Carolina. Located on E Morehead Street, this multi-zoned property boasts convenient access to major thoroughfares, including Highway 14/158, placing it within a quarter-mile of Lowe's Home Improvement and Walmart. The property offers substantial road frontage, totaling 953 feet with 270 feet along the main road. A portion of the land is already within city limits, benefiting from existing sewer lines and a lift station, while water access is available from multiple points. This expansive site is ideal for a variety of commercial ventures, offering significant potential for growth and development. The property's zoning allows for diverse uses, making it an attractive investment for both large-scale and smaller projects. While a portion is wooded (approximately 4,374,295.2 square feet), the overall acreage provides ample space for development. The asking price is $2,500,000, translating to $24,895.43 per acre. Additional acreage is available from the same seller for those seeking an even larger footprint. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and accessibility. The property is situated in Rockingham County, NC, zip code 27320.

    Property Features for 0 Morehead St

    General Information

    Property type
    Land
    Lot Size
    4,374,295 SF

    HighLights

    • 100.42‑acre commercial land parcel in Reidsville, NC.
    • 953 feet of total road frontage, including 270 feet on the main road.
    • Public, 2‑lane road frontage.
    • Sewer available in a portion of the property.
    • Water access available.
    • Approximately 4,374,295.2 square feet of wooded area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.6531883
    Latitude
    36.3627148

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    FAQs

    What type of property is this?
    Land - Prime Reidsville development land, 100+ acres.
    Where is this land located?
    The property is located at Morehead St Reidsville, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 100.42-acre commercial land parcel in Reidsville, NC.; 953 feet of total road frontage, including 270 feet on the main road.; Public, 2-lane road frontage.
    Request Owner's contact information
    Morehead St 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
    Morehead St Reidsville, NC 27320
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