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    Us-158 Reidsville, NC 27320

    Sponsored
    For Sale
    $1,500,000

    50 Acres, High Visibility, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 50.01-acre commercial land parcel in Reidsville, North Carolina, presents a unique development opportunity. Boasting over 2700 feet of road frontage on US Highway 158, this property offers unparalleled visibility and accessibility. Currently undergoing grading by an NCDOT contractor, the site will soon feature a prepared 3-acre pad, ready for immediate development. Discussions with the City of Reidsville (as of November 23, 2023) indicate a positive outlook for annexation and rezoning, facilitating streamlined development processes. City utilities are readily available via Lawsonville Avenue, located directly behind the property. The property's proximity to Highway 29 (less than a quarter mile) further enhances its strategic location and accessibility. This expansive parcel is ideal for a large commercial outparcel, apartment complex, or other significant development projects. The ongoing highway overpass upgrades to interstate standards will significantly improve traffic flow and accessibility to the site. This is a rare opportunity to acquire a substantial, well-positioned tract of land poised for significant growth and return. Asking price is $1,500,000.

    Property Features for 0 Us-158

    General Information

    Property type
    Land
    Lot Size
    2,178,436 SF

    HighLights

    • 50.01‑acre commercial land parcel in Reidsville, NC, with over 2700 feet of US Highway 158 frontage.
    • Currently undergoing grading, including a prepared 3‑acre pad ready for immediate development.
    • Positive discussions with the City of Reidsville (as of November 23, 2023) regarding annexation and rezoning.
    • City utilities readily available via Lawsonville Avenue.
    • Excellent location, less than a quarter mile from Highway 29, and benefiting from highway overpass upgrades.
    • $1,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.7151635
    Latitude
    36.3144738

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    FAQs

    What type of property is this?
    Land - 50 Acres, High Visibility, Development Ready
    Where is this land located?
    The property is located at Us-158 Reidsville, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 50.01-acre commercial land parcel in Reidsville, NC, with over 2700 feet of US Highway 158 frontage.; Currently undergoing grading, including a prepared 3-acre pad ready for immediate development.; Positive discussions with the City of Reidsville (as of November 23, 2023) regarding annexation and rezoning.
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    Us-158 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
    Us-158 Reidsville, NC 27320
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