1629 Freeway DrReidsville, NC 27320
- Retail properties
- 6,075 SF
Property Details for 1629 Freeway Dr
- Year built
- 1990
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.78 AC
- Property size (Sq ft)
- 6,075 SF
- Zone code
- HWY BUS REIDSVILLE
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 7994-11-56-6556-00
- APU
- 79941156655600
Description
This exceptional mixed-use property, located at 1629 Freeway Dr. in Reidsville, North Carolina, presents a compelling investment opportunity. The 6,075 square foot building, constructed in 1990, sits on a sizable 1.78-acre lot and boasts 98 parking spaces, ensuring ample convenience for patrons and employees. Previously operating as the Libby Hill Seafood Restaurant, the property features a drive-thru, a spacious dining area, and excellent visibility from Freeway Drive, guaranteeing high traffic exposure. The property is zoned HB (Highway Business), offering flexibility for a variety of commercial uses. The building's substantial size and prime location make it ideal for a range of businesses seeking high visibility and accessibility. With its ample parking, drive-thru convenience, and established presence along a major thoroughfare, this property is poised for success. The 2022 property taxes totaled $10,075. This is a rare opportunity to acquire a well-situated, versatile commercial property in a growing area of North Carolina. The asking price is $875,000. Don't miss this chance to secure a valuable asset in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $979,753
- 6.5%
- $904,388
- 7%
- $839,788
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,943,217
- Geo Method
- $3,514,028
-
Alternative Use
- Use
- Valuation
- Residential
- $762,885
- Hospitality
- $698,798
- Educational
- $581,392
- Medical
- $601,387
- Retail
- $904,388
Location Insight
- City
- Reidsville
- County
- Rockingham
- State
- North Carolina
- Latitude
- 36.3488
- Longitude
- -79.6938
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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