1537 Freeway DrReidsville, NC 27320

Property Details for 1537 Freeway Dr

Year built

1996

Lot size

11.50 AC

Property size (Sq ft)

78,762 SF

Zone code

HWY BUS REIDSVILLE

Property type

Super regional malls

APN

7994-15-53-3043-00

APU

79941553304300

Description

This 1.19-acre commercial land parcel, located at 1537 Freeway Drive in Reidsville, North Carolina (APN 169601), presents a prime opportunity for development. Zoned for Highway Business use, this pad-ready site is ideally situated adjacent to the Freeway Crossing shopping center, ensuring high visibility and accessibility. The property benefits from its location in a bustling retail area with excellent signage opportunities, attracting significant foot and vehicle traffic. Its proximity to the established Woodland Park residential neighborhood provides a strong customer base. Furthermore, its less-than-three-mile distance from downtown Reidsville offers additional convenience and market reach. The asking price for this exceptional commercial land is $799,000. This property is ready for immediate development, making it an attractive investment for businesses seeking a strategic location in a thriving community. The property's size and zoning make it suitable for a variety of commercial uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $12,702,441

  6.5%

  $11,725,330

  7%

  $10,887,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,193,684

  Geo Method

  $45,559,156

• Alternative Use

  Use

  Valuation

  Residential

  $9,890,754

  Hospitality

  $9,059,878

  Educational

  $7,537,712

  Medical

  $7,796,946

  Retail

  $11,725,330

Location Insight

City

Reidsville

County

Rockingham

State

North Carolina

Latitude

36.3391

Longitude

-79.6948

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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