1629 Fwy Dr Reidsville, NC 27320-7108
- Turn key restaurants
- 6,075 SF
- 1.78 lot acres
Current Use by Public Records
- Libby Hill Seafood Restaurants / Seafood Restaurant
Property Details for 1629 Fwy Dr
- Year built
- 1990
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.78 lot acres
- Property size
- 6,075 SF
- Zone code
- HWY BUS REIDSVILLE
- Property type
- Turn key restaurants
- APN
- 7994-11-56-6556-00
- APU
- 79941156655600
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $655,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $520,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $755,000
- Mixed-Use
- $700,000
- Hospitality
- $570,000
- Educational
- $665,000
- Residential Income
- $585,000
- Energy
- $580,000
- Income-Based Land
- $725,000
- Food Service
- $600,000
Location Insight
- Map
- Local Demand
- City
- Reidsville
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.6938
- Latitude
- 36.3488
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA