~~8.38 +/- acres (per survey by Wilson Surveying, Inc. dated 9/16/14). Rockingham County records list the property at 9.39 acres. A copy of the survey is available if requested.
Zoned for a mixed use of Highway Business (HB), Conditional Use-Highway Business (CU-HB) and Residential (RA-20). The proposed uses would be a mix of commercial and residential or possibly all residential with a mix of single and multi-family or all multi-family.
The property is along the western outer loop, north of downtown Reidsville and adjacent to the Reidsville Goodwill Store on Freeway Drive (Business 29/87).
Water, Sewer and Electric are all along Freeway Drive.
The topography features gently rolling hills on land that was primarily used for agricultural purposes.
The surrounding area along Freeway Drive is mostly commercial uses. Older low-density neighborhoods existing to the east with one newer higher density single family neighborhood to the northwest. Apartment properties are to the north and south of the site making this property a prime location for apartments or other higher density residential use.
Rockingham County is now more viable and desirable for development as the infrastructure has been put in place and lower tax rates make it more affordable than other locations in the Triad area. Reidsville has all of this while still maintaining a rural charm.
An appraisal was done in 2014 by Foster Appraisal Services, Inc. The current list price is well below the appraisal price.
|Zoning||HB, CU-HB, RA-20|
Reidsville, NC 27320
|Total Sales Price||$495,000.00|
|Total Acres Available||8.38|