Property summary
This exceptional commercial property, located at 316 West 11th Street in Roanoke Rapids, North Carolina, presents a unique investment opportunity. Priced at $299,900, the property encompasses over an acre of land within city limits, including several parcels. The existing structure, a large two-story brick building dating back to the 1940s, offers significant potential for redevelopment. While currently requiring substantial renovations, including a new roof and various building repairs, the building's history as an auto repair shop with second-story apartments hints at its adaptable nature. The main level features concrete flooring and six bay doors facing 11th Street, ideal for various commercial uses. A covered rear work area with concrete and fenced-in storage areas further enhance the property's functionality. The property's convenient location offers easy access to local amenities, including Ledgerwood Park and its playgrounds, making it an attractive proposition for both investors and developers. The absence of current electrical service necessitates attention, and entry should be undertaken with caution. This property is zoned commercial and presents a compelling opportunity for those seeking a substantial land holding in a desirable location. The property's size and location make it suitable for a variety of commercial ventures.
Property profile
VerifiedCap rate & NOI
Current use
-
Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight