00 Linville Dr Reidsville, NC 27320
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.
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
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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.