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    Freeway Dr Reidsville, NC 27320

    Sponsored
    For Sale
    $500,000

    11.91 Acres, Ready to Develop, Prime Location

    Property size:
    518,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.91-acre commercial land parcel presents a unique development opportunity in Reidsville, North Carolina. Located off Highway Business 29 (Freeway Dr.), this vacant property boasts a substantial 518,800 square feet and is zoned for a variety of commercial uses, including retail, multifamily, and office space. Its strategic location offers excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The property is conveniently situated just 0.7 miles north of Tractor Supply Co. and 1 mile south of Food Lion, ensuring high traffic and customer visibility. Furthermore, its proximity to downtown Greensboro (approximately 30 minutes away) provides easy access to a larger metropolitan area and its associated amenities and workforce. This expansive tract is ready for immediate development, presenting a significant investment opportunity for developers and businesses seeking a prime location in a growing market. The property is currently vacant, allowing for complete design flexibility and immediate construction commencement. This is a rare opportunity to acquire a large, strategically located parcel in a thriving area of North Carolina. The asking price for this exceptional property is $500,000.

    Property Features for 0 Freeway Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    518,800 SF
    Lot Size
    518,800 SF

    HighLights

    • 11.91‑acre development site.
    • Ready for immediate development.
    • Convenient Business 29 location.
    • 0.7 miles north of Tractor Supply Co.
    • 1 mile south of Food Lion.
    • 30‑minute commute to Downtown Greensboro.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.6837013
    Latitude
    36.3628929

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    FAQs

    What type of property is this?
    Multifamily property - 11.91 Acres, Ready to Develop, Prime Location
    Where is this multifamily 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.
    What are key features of this property?
    This property features: 11.91-acre development site.; Ready for immediate development.; Convenient Business 29 location.
    Request Owner's contact information
    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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