Technical
Financial
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Property profile

316 11Th St Roanoke Rapids, NC 27870

OFF-MARKET
Land
Property ID
US53-5103333
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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 Land
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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

316 11Th St Roanoke Rapids, NC 27870
Roanoke Rapids metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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