Current Use by Public Records
- Land
Property Details for 00 Linville Dr
- Lot size
- 9.23 lot acres
- Property type
- Land
Description
This exceptional 9.23-acre parcel in Reidsville, North Carolina, presents a prime redevelopment opportunity for multifamily housing. Located at 00 Linville Dr, 27320, this property boasts Mixed zoning, specifically R-12 in some areas, allowing for diverse development options. The land is priced at $284,000, translating to $10,997 per acre. Water and sewer services are readily available, simplifying infrastructure development. Its strategic location offers convenient access to shopping centers and major highways, enhancing its appeal to potential residents. The property's proximity to a rapidly growing area within Reidsville further underscores its investment potential. This site is particularly well-suited for a senior living community, accommodating various levels of care, or a mix of townhomes and single-family residences. The existing zoning allows for flexibility in design and development plans, making it an attractive proposition for investors seeking a high-return multifamily project in a thriving North Carolina market. The property is owned by a single investor. This is a rare opportunity to acquire a substantial land parcel in a desirable location with significant development potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reidsville
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.6844
- Latitude
- 36.35
