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    Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870

    Sponsored
    For Sale
    $175,000

    High-traffic location, I-95 proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land parcel, located at 0 Summitt Ave (extending to Old Farm Road) in Roanoke Rapids, NC, 27870, presents a unique investment opportunity. Priced at $175,000, this property boasts an unparalleled location, less than a mile from I-95 and within half a mile of the Halifax Regional Center. Its strategic position is further enhanced by its proximity to a thriving cluster of medical facilities, including adult medicine, orthopedic surgery, express care, surgical associates, a dialysis center, and numerous dental offices. The area also features a high concentration of established businesses such as Walmart, Starbucks, Collier Harley Davidson, and Belk, ensuring high visibility and foot traffic. Other nearby amenities include a veterinary hospital, fitness centers, the Social Security office, a law firm, and a fire department. The property's accessibility is further amplified by its convenient access to Highways 158 and 125. This high-traffic area offers numerous development possibilities for businesses seeking a prime location with excellent visibility and convenient access to major transportation arteries. Adjacent commercial properties are also available (MLS 132181, 132183). This is a rare chance to acquire a highly desirable commercial land parcel in a rapidly growing area.

    Property Features for 0 Summitt Ave Old Farm Rd

    General Information

    Property type
    Land

    HighLights

    • $175,000 asking price.
    • Vacant commercial land.
    • 0 Summitt Ave (Old Farm Road), Roanoke Rapids, NC 27870.
    • High‑traffic location near I‑95, Halifax Regional Center, and numerous medical facilities, retail businesses, and other commercial establishments.
    • Excellent access to I‑95, Hwy 158, and Hwy 125.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke Rapids
    County
    Halifax, NC
    State
    North Carolina
    Longitude
    -77.6386024
    Latitude
    36.4310632

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    FAQs

    What type of property is this?
    Land - High-traffic location, I-95 proximity.
    Where is this land located?
    The property is located at 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: $175,000 asking price.; Vacant commercial land.; 0 Summitt Ave (Old Farm Road), Roanoke Rapids, NC 27870.
    (252) 532-9194
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    Summitt Ave Old Farm Rd 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
    Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870
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