0 Morehead St Reidsville, NC 27320
This exceptional 100.42-acre commercial land parcel presents a significant development opportunity in the thriving city of Reidsville, North Carolina. Located on E Morehead Street, this multi-zoned property boasts convenient access to major thoroughfares, including Highway 14/158, placing it within a quarter-mile of Lowe's Home Improvement and Walmart. The property offers substantial road frontage, totaling 953 feet with 270 feet along the main road. A portion of the land is already within city limits, benefiting from existing sewer lines and a lift station, while water access is available from multiple points. This expansive site is ideal for a variety of commercial ventures, offering significant potential for growth and development. The property's zoning allows for diverse uses, making it an attractive investment for both large-scale and smaller projects. While a portion is wooded (approximately 4,374,295.2 square feet), the overall acreage provides ample space for development. The asking price is $2,500,000, translating to $24,895.43 per acre. Additional acreage is available from the same seller for those seeking an even larger footprint. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and accessibility. The property is situated in Rockingham County, NC, zip code 27320.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.