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Property profile & analytics
OFF-MARKET
Commercial real estate

316 11Th St Roanoke Rapids, NC 27870

Property ID
US53-5103333
Property summary
AI-generated overview

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
Verified
Property type Commercial real estate
UPID US53-5103333
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
  • West & Sons Garage Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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