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    23 Ridgeway - Drewry Rd Manson, NC 27553

    • Mixed-use properties
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 23 Ridgeway - Drewry Rd

    Year built
    1930
    Lot size
    0.99 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 23 Ridgeway-Drewry Road in Manson, North Carolina, presents a unique investment opportunity. Situated on nearly one acre of land at the corner of Ridgeway-Drewry and Jacksontown Roads, this property is ideally positioned to capitalize on the thriving Kerr Lake community. Currently zoned for residential use, county approval for commercial rezoning has been obtained, with the official change pending. The existing single-family dwelling, built in 1930, offers flexibility; it can be repurposed or demolished to accommodate a new commercial venture. The property's potential is vast, with possibilities including a bait and tackle shop, convenience store, or other businesses catering to lake visitors and local residents. The roof was replaced in 2012. Please note that the seller has never occupied the property and therefore disclosures are limited. The home is sold as-is, and its condition is unknown; entry is prohibited without prior approval. No septic permit is on file with Vance County. The asking price is $130,000. This is a truly remarkable chance to acquire a strategically located commercial lot in a high-growth area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.3088
    Latitude
    36.4595

    Comparable in this City

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    • Value Estimation by Request
      1,176 SF

      6238 Drewry Virginia Line Rd

      STORE/OFFICE (MIXED USE) • 1,176 SF
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    • Value Estimation by Request
      1,400 SF

      760 Ridgeway Drewry Rd

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      760 Ridgeway Drewry Rd, Manson, NC 27553
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    • Value Estimation by Request
      4,932 SF

      636 Manson Drewry Rd

      OFFICE (GENERAL) • 4,932 SF
      636 Manson Drewry Rd, Manson, NC 27553-9106
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    • Value Estimation by Request
      1,236 SF

      1402 Us Hwy 1st S

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    • Value Estimation by Request
      1,620 SF

      1405 Us Hwy 1st S

      OFFICE (GENERAL) • 1,620 SF
      1405 Us Hwy 1st S, Manson, NC 27553
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    23 Ridgeway - Drewry Rd
    Manson, NC 27553
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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