0 Summitt Ave Old Farm Rd Roanoke Rapids, NC 27870
This exceptional commercial land parcel, located at 0 Summitt Ave (extending to Old Farm Road) in Roanoke Rapids, NC, 27870, presents a unique investment opportunity. Priced at $175,000, this property boasts an unparalleled 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 thriving cluster of medical facilities, including adult medicine, orthopedic surgery, express care, surgical associates, a dialysis center, and numerous dental offices. The area also features a high concentration of established businesses such as Walmart, Starbucks, Collier Harley Davidson, and Belk, ensuring high visibility and foot traffic. Other nearby amenities include a veterinary hospital, fitness centers, the Social Security office, a law firm, and a fire department. The property's accessibility is further amplified by its convenient access to Highways 158 and 125. This high-traffic area offers numerous development possibilities for businesses seeking a prime location with excellent visibility and convenient access to major transportation arteries. Adjacent commercial properties are also available (MLS 132181, 132183). This is a rare chance to acquire a highly desirable 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
Similar Nearby for Sale
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.