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OFF-MARKET
Land

319 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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