1710 Freeway Dr Reidsville, NC 27320
This exceptional 1.84-acre commercial land parcel in Reidsville, North Carolina, presents a remarkable investment opportunity. Located on Freeway Drive, this property boasts 488 feet of road frontage and enjoys exceptional visibility due to its position amongst established businesses including Sheetz, Rite-Aid, Hardee's, Verizon, and Harbor Freight. Daily traffic counts exceed 25,000 vehicles, a number projected to double within the next decade. The property's zoning (HB/RD) permits a variety of commercial uses, making it suitable for a strip mall, self-storage facility, restaurant, or other highway-oriented businesses. Access is available from all sides, including a paved road leading to the rear. The property is comprised of three contiguous lots, each approximately 0.61 acres, and is offered for sale as a whole for $199,977. The property's location provides convenient access to major highways including US 29, 158, 87, 65, and Highway 14. Parcel number is 175684. This prime location and high traffic volume make this a truly valuable property with significant development potential. Don't miss this chance to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area.
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
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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.