319 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870
This exceptional commercial land parcel, located at 319 Summitt Ave (extending to Old Farm Road) in Roanoke Rapids, NC 27870, presents a unique investment opportunity. Priced at $175,000, this property boasts a highly desirable 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 cluster of established medical practices, including adult medicine, orthopedic surgery, express care, surgical associates, a dialysis center, and various dental offices. The area also features significant retail presence, including Walmart, Starbucks, Collier Harley Davidson, and Belk. Other nearby establishments include a veterinary hospital, fitness centers, the Social Security office, a law firm, and a fire department. The high traffic volume and easy access to I-95, Highway 158, and Highway 125 make this an ideal site for a variety of commercial ventures. While two small homes are situated on the property, they are considered to have no significant value and the sale is strictly for the commercial land itself. Adjacent commercial properties are listed under MLS numbers 132181 and 132185. This is a rare chance to acquire a prime commercial location in a thriving area of Roanoke Rapids.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.