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Freeway Dr
46.34 Acres of Commercial Land Offered at £1,198,980 in Reidsville, NC 27320
Investment Highlights
- Lots of frontage and direct access to both Freeway Drive and Sherwood St
- Located in heavily traveled retail section supported by a large residential area.
Executive Summary
• Freeway Drive is one of Reidsville’s most traveled by-ways consisting of a dominant share of restaurants, shopping centers, business services and entertainment.
• This site is positioned between two roads (Freeway Drive and Sherwood Drive) creating a natural transition from residential to retail, allowing developer to infill with patio homes, townhomes, multifamily and retail on Freeway Drive.
• Particular needs include a theatre, shopping, grocery, entertainment and multifamily
• Site is made up of 4 parcels
Acreage: 46.34 +/- acres
Zoning: Mixed Use HB (Highway Business), R-20
Road Frontage: 1,585 ft. Freeway Drive & 1,500 ft. Sherwood
Property Facts
1 Lot Available
Lot
| Price | £1,198,980 | Lot Size | 46.34 AC |
| Price Per AC | £25,874 |
| Price | £1,198,980 |
| Price Per AC | £25,874 |
| Lot Size | 46.34 AC |
Freeway Drive is one of Reidsville’s most traveled by-ways. Site is positioned between two roads, Freeway Drive and Sherwood Dr. Total of 4 parcels ideal for mixed-use development. Zoning: Highway Business along Freeway Dr., R-20 along Sherwood Dr.
Description
This tract of land was formerly cleared and used to farm along Freeway Drive. It is currently a mixed-use zoning of Highway Business and Residential (RS-20). The frontage is on both Freeway Drive (the commercial road), and Sherwood St (the residential road). The property is heavily wooded but very walk-able via a city utility easement off Freeway Drive. • Freeway Drive is one of Reidsville’s most traveled by-ways consisting of a dominant share of restaurants, shopping centers, business services and entertainment. • This site is positioned between two roads (Freeway Drive and Sherwood Drive) creating a natural transition from residential to retail, allowing developer to infill with patio homes, townhomes, multifamily and a new shopping center on Freeway Drive. • Particular needs include theatre, shopping, grocery, entertainment, multifamily. • Site is made up of 4 parcels
PROPERTY TAXES
| Parcel Number | 171059 | Improvements Assessment | £0 |
| Land Assessment | £449,858 | Total Assessment | £449,858 |
PROPERTY TAXES
zoning
| Zoning Code | Mixed Use |
| Mixed Use |
Presented by
Freeway Dr
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