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    4 Sheraton Dr Roanoke Rapids, NC 27870

    Sponsored
    For Sale
    $497,000

    Prime I-95 Commercial Lot, 0.95 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.95-acre commercial lot presents a unique investment opportunity in the thriving Roanoke Rapids, NC market. Strategically located on Sheraton Drive, directly off Interstate 95, this property boasts unparalleled visibility and accessibility. Zoned B-4 Commercial District, the land offers significant potential for a wide range of commercial developments. Its prime location adjacent to the Best Western SureStay Plus hotel ensures high traffic volume and exposure to a substantial customer base. The property's convenient access to I-95 provides effortless connectivity to regional and national transportation networks, making it an ideal location for businesses seeking maximum reach and visibility. With an asking price of $497,000 and an APN of 1220017, this lot represents a compelling investment in a rapidly growing area. The Halifax County location offers a strong foundation for future growth and profitability. This is a rare opportunity to acquire a highly desirable commercial property in a strategic location with excellent potential for return on investment. Don't miss this chance to secure a piece of Roanoke Rapids' vibrant commercial landscape. The property is ready for development and offers immediate potential for business owners and investors alike.

    Property Features for 4 Sheraton Dr

    General Information

    Property type
    Land
    Lot Size
    41,382 SF

    HighLights

    • 0.95‑acre commercial lot in Roanoke Rapids, NC, priced at $497,000 (APN 1220017).
    • High‑visibility location on Sheraton Drive, directly off I‑95, offering excellent accessibility.
    • B‑4 Commercial zoning allows for diverse development options.
    • Adjacent to Best Western SureStay Plus hotel, ensuring high traffic and customer exposure.
    • Prime location provides easy access to regional and national transportation networks via I‑95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel Garden Center Cafe & Coffee Shop Daycare Center Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke Rapids
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.644950414411
    Latitude
    36.404101438212

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    FAQs

    What type of property is this?
    Land - Prime I-95 Commercial Lot, 0.95 Acres
    Where is this land located?
    The property is located at 4 Sheraton Dr Roanoke Rapids, NC.
    What is the asking price?
    The asking price for this property is $497,000.
    What are key features of this property?
    This property features: 0.95-acre commercial lot in Roanoke Rapids, NC, priced at $497,000 (APN 1220017).; High-visibility location on Sheraton Drive, directly off I-95, offering excellent accessibility.; B-4 Commercial zoning allows for diverse development options.
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    4 Sheraton Dr 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
    4 Sheraton Dr Roanoke Rapids, NC 27870
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