316 11Th St Roanoke Rapids, NC 27870
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.
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West & Sons Garage Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.