For Sale
$284,000

00 Linville DrReidsville, NC 27320

Reidsville, NC Multifamily Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 9.23-acre parcel in Reidsville, North Carolina, presents a prime redevelopment opportunity for multifamily housing. Located at 00 Linville Dr, 27320, this property boasts Mixed zoning, specifically R-12 in some areas, allowing for diverse development options. The land is priced at $284,000, translating to $10,997 per acre. Water and sewer services are readily available, simplifying infrastructure development. Its strategic location offers convenient access to shopping centers and major highways, enhancing its appeal to potential residents. The property's proximity to a rapidly growing area within Reidsville further underscores its investment potential. This site is particularly well-suited for a senior living community, accommodating various levels of care, or a mix of townhomes and single-family residences. The existing zoning allows for flexibility in design and development plans, making it an attractive proposition for investors seeking a high-return multifamily project in a thriving North Carolina market. The property is owned by a single investor. This is a rare opportunity to acquire a substantial land parcel in a desirable location with significant development potential.

Highlights

  • 9.23-acre parcel in Reidsville, NC, ideal for multifamily development.
  • Mixed zoning (R-12 in some areas) allows for diverse development options.
  • Priced at $284,000 ($10,997/acre).
  • Potential for senior living or a mix of townhomes/single-family homes.
  • One owner, a licensed broker.

Property Details for 00 Linville Dr

Property type
Land
Lot Size (sq. ft)
402,059 SF

Location Insight

City
Reidsville
County
Rockingham
State
North Carolina
Latitude
36.3499717
Longitude
-79.6843888
00 Linville Dr, Reidsville, North Carolina

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00 Linville Dr
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