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    Property profile & analytics
    OFF-MARKET Estimated value $570,000
    Turn key restaurants

    1629 Fwy Dr, Reidsville, NC 27320-7108

    6,075 SF 1.78 ac lot Built 1990
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2321399
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 1629 Freeway Dr. in Reidsville, North Carolina, presents a compelling investment opportunity. The 6,075 square foot building, constructed in 1990, sits on a sizable 1.78-acre lot and boasts 98 parking spaces, ensuring ample convenience for patrons and employees. Previously operating as the Libby Hill Seafood Restaurant, the property features a drive-thru, a spacious dining area, and excellent visibility from Freeway Drive, guaranteeing high traffic exposure. The property is zoned HB (Highway Business), offering flexibility for a variety of commercial uses. The building's substantial size and prime location make it ideal for a range of businesses seeking high visibility and accessibility. With its ample parking, drive-thru convenience, and established presence along a major thoroughfare, this property is poised for success. The 2022 property taxes totaled $10,075. This is a rare opportunity to acquire a well-situated, versatile commercial property in a growing area of North Carolina. The asking price is $875,000. Don't miss this chance to secure a valuable asset in a thriving market.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1990
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,075 SF
    Lot 1.78 ac (77,537 SF)
    Zoning code HWY BUS REIDSVILLE
    APN 7994-11-56-6556-00
    UPID US53-2321399
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Libby Hill Seafood Restaurants Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $555k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $488k
    Blend (final) Blend
    $570k
    Owner & transaction history
    Barrios Zamora Martin · 1 yrs held
    Barrios Zamora Martin
    since 2025
    Last sale
    $650,000
    3 recorded transactions
    2025
    $650,000
    2011
    $93,000
    1969
    Zoning & alternative use
    HWY BUS REIDSVILLE · Reidsville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $940,000 +67.8%
    Office building $750,000 +33.5%
    Medical building $665,000 +18.3%
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