00 Freeway Dr Reidsville, NC 27320
This exceptional 9.39-acre commercial investment opportunity in Reidsville, NC, presents significant potential for developers and investors. Located on Freeway Drive, the property boasts over 280 feet of road frontage, ensuring high visibility and accessibility. Its strategic location offers easy access to Highway 29, placing it within a 30-minute commute of both Danville, VA, and Greensboro, NC. The land is multi-zoned, currently encompassing Highway Business, conditional use Highway Business, and Residential/Agricultural designations, allowing for diverse development options. Some portions of the land are undergoing re-zoning, further enhancing its potential. The property is surrounded by established commercial developments, including a Goodwill store and a neighborhood shopping center anchored by a Lowes Foods, indicating a thriving commercial environment. Residential properties are situated to the north and west, providing a balanced mix of commercial and residential surroundings. Note that a permanent easement exists to the south, providing access to a family cemetery adjacent to the Goodwill store
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.