0 Ridgeway-Warrenton Rd Warrenton, NC 27589
This exceptional 112.37-acre property in Warren County, North Carolina, presents a remarkable investment opportunity. Comprising two adjacent parcels (approximately 40.37 acres and 72 acres), this land boasts multiple access points from Ridgeway-Warrenton Road and Read Road, offering excellent accessibility. The 40.37-acre parcel is zoned AR, while the 72-acre parcel is zoned LI, providing versatility for various development projects. Conveniently located near Warrenton, this land offers easy access to US Highway 1 in both Norlina and Ridgeway. Water and sewer infrastructure, including a 12-inch force main, is available on Highway 158 Business, extending to Read Road. The property features gently sloping terrain and a mix of younger pine trees and natural growth, enhancing its appeal. Its proximity to Warrenton's downtown area makes it ideal for residential development. The land's potential for timber growth and future land development represents a significant long-term investment. Warren County's robust economic development initiatives, including recent expansions of Glen Raven Mills and International Paper operations, further underscore the property's value. The asking price is $337,110, translating to approximately $3,000 per acre. Parcel identification numbers are 2937918886 and 2947200561.
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
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