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    Ridgeway-Warrenton Rd Warrenton, NC 27589

    Sponsored
    For Sale
    $337,110

    Prime Commercial/Residential Tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 112.37-acre property in Warren County, North Carolina, presents a remarkable investment opportunity. Comprising two adjacent parcels (approximately 40.37 acres and 72 acres), this land boasts multiple access points from Ridgeway-Warrenton Road and Read Road, offering excellent accessibility. The 40.37-acre parcel is zoned AR, while the 72-acre parcel is zoned LI, providing versatility for various development projects. Conveniently located near Warrenton, this land offers easy access to US Highway 1 in both Norlina and Ridgeway. Water and sewer infrastructure, including a 12-inch force main, is available on Highway 158 Business, extending to Read Road. The property features gently sloping terrain and a mix of younger pine trees and natural growth, enhancing its appeal. Its proximity to Warrenton's downtown area makes it ideal for residential development. The land's potential for timber growth and future land development represents a significant long-term investment. Warren County's robust economic development initiatives, including recent expansions of Glen Raven Mills and International Paper operations, further underscore the property's value. The asking price is $337,110, translating to approximately $3,000 per acre. Parcel identification numbers are 2937918886 and 2947200561.

    Property Features for 0 Ridgeway-Warrenton Rd

    General Information

    Property type
    Land
    Lot Size
    4,894,837 SF

    HighLights

    • $337,110 asking price for 112.37 acres of land.
    • Located in Warrenton, Warren County, NC, with addresses on Ridgeway‑Warrenton Rd and Read Rd.
    • Two parcels: ~40.37 acres (PIN 2937918886) zoned AR and ~72 acres (PIN 2947200561) zoned LI.
    • Multiple access points and proximity to US Hwy 1.
    • Water and sewer available on Hwy 158 Business and Read Road.
    • Suitable for residential development, close to downtown Warrenton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Warrenton
    County
    Warren
    State
    North Carolina
    Longitude
    -78.185896205624
    Latitude
    36.41471192728

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Tract
    Where is this land located?
    The property is located at Ridgeway-Warrenton Rd Warrenton, NC.
    What is the asking price?
    The asking price for this property is $337,110.
    What are key features of this property?
    This property features: $337,110 asking price for 112.37 acres of land.; Located in Warrenton, Warren County, NC, with addresses on Ridgeway-Warrenton Rd and Read Rd.; Two parcels: ~40.37 acres (PIN 2937918886) zoned AR and ~72 acres (PIN 2947200561) zoned LI.
    (919) 576-2504
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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
    Ridgeway-Warrenton Rd Warrenton, NC 27589
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