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Value-Add/Redevelopment | Allows Multifamily 9597 US Highway 29 Business 5,784 SF Vacant Retail Building Online Auction Sale Ruffin, NC 27326
Matterport 3D Tours
Investment Highlights
- 9597 US Highway 29 Business is a 5,784-square-foot, single-story, mixed-use commercial building offering ample value-add/redevelopment avenues.
- Zoning allows for multifamily redevelopment with significant upside potential (approximately 7 units), which could support $800+ monthly rents.
- Supported by robust growth, the population within a 3-mile radius grew by 1.1% annually from 2020 to 2025, roughly twice the US national average.
- Superior highway connectivity, 15 minutes to Danville, 30 minutes to Greensboro, 35 minutes to PTI Airport, and 1.3 hours to the Research Triangle.
- Centralized address within 30 minutes of regional economic drivers, such as Purina, Goodyear, P&G, Caesars Virginia, Tyson Foods, and Sovah Health.
- Absolute auction | Starting bid $1.
Executive Summary
Acquire an asset centered amid multiple Virginia and North Carolina metros, with a high degree of flexibility and upside potential to reposition it in line with market trends.
9597 US Highway 29 Business spans approximately 5,784 square feet across one story, with additional basement space. The 0.48-acre site’s generous mixed-use HC zoning designation allows for multifamily development, an excellent opportunity as the area continues to see solid population growth, with room for roughly seven apartment units, and area comps supporting monthly rents of over $800. In addition to multifamily, some of the zoning district’s permitted by-right use types include recreation/entertainment, car wash, automotive service/sales, brewery, medical, office, drive-thru retail, cold storage, health and fitness, restaurant, warehouse, and many more.
9597 US Highway 29 Business is at an excellent location to pull traffic from multiple cities and fortify long-term value. It boasts great access to the Piedmont Triad, with Greensboro only a 30-minute drive away. Additionally, Danville, Virginia, is 15 minutes north, and it hosts popular destinations like the River District and Caesars Virginia Resort & Casino, which has over 1,200 staff. The Danville area also has other high-volume employers, such as Tyson Foods, Goodyear, Buitoni Food Company, and Sovah Health – Danville, the region’s largest healthcare employer.
Discover this multifaceted ecosystem with significant regional influence by acquiring this agile asset, ready to meet the demand of this growing market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
9597 US Highway 29 Business spans approximately 5,784 square feet across one story, with additional basement space. The 0.48-acre site’s generous mixed-use HC zoning designation allows for multifamily development, an excellent opportunity as the area continues to see solid population growth, with room for roughly seven apartment units, and area comps supporting monthly rents of over $800. In addition to multifamily, some of the zoning district’s permitted by-right use types include recreation/entertainment, car wash, automotive service/sales, brewery, medical, office, drive-thru retail, cold storage, health and fitness, restaurant, warehouse, and many more.
9597 US Highway 29 Business is at an excellent location to pull traffic from multiple cities and fortify long-term value. It boasts great access to the Piedmont Triad, with Greensboro only a 30-minute drive away. Additionally, Danville, Virginia, is 15 minutes north, and it hosts popular destinations like the River District and Caesars Virginia Resort & Casino, which has over 1,200 staff. The Danville area also has other high-volume employers, such as Tyson Foods, Goodyear, Buitoni Food Company, and Sovah Health – Danville, the region’s largest healthcare employer.
Discover this multifaceted ecosystem with significant regional influence by acquiring this agile asset, ready to meet the demand of this growing market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Purchase Agreement
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,784 SF
Building Class
C
Year Built
1994
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.28
Lot Size
0.48 AC
Parcel Number
8938-04-92-8390-00
Zoning
HC - Hwy Comm County
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
About Rockingham County
Much like the rest of the Triad Region, Rockingham County’s economy is heavily concentrated in the fast-growing healthcare, manufacturing, and trade industries. Some of its largest employers include Gildan Activewear, Bridgestone Aircraft Tire, and Dorada Foods.
Located less than 30 miles north of downtown Greensboro, Rockingham County is largely rural but is still located within commutable distance of the metro area’s densely populated areas. It is served by a network of roadways linking Rockingham County to the Greater Piedmont Triad Region. Interstate 73, U.S. 220, and U.S. 29 are the principal north-south expressways providing access to the central Greensboro area. Residents here enjoy a more affordable cost of living than in urban locales without having to sacrifice proximity to amenities.
Rockingham boasts steady demand, particularly in areas with a greater concentration of households such as Madison, Eden, and Reidsville. These towns offer a mix of national and local retailers, driving foot traffic to the area. Moreover, retail assets in Rockingham County come at a discount to the Greensboro average, attracting investor interest.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
382
1,403
4,750
2020 Population
362
1,331
4,554
2030 Population
395
1,446
4,884
2025-2030 Projected Population Growth
3.4%
3.1%
2.8%
Daytime Employees
61
128
293
Total Businesses
8
23
59
Average Household Income
$87,056
$78,133
$74,797
Median Household Income
$67,500
$56,111
$55,898
Total Consumer Spending
$5.1M
$17.8M
$59.9M
Median Age
45.1
46.0
46.3
2025 Households
161
589
1,994
Percent College Degree or Above
11%
8%
6%
Average Home Value
$211,951
$225,817
$258,040
Sale Advisors
Sale Advisors
Will Blackwell, Broker
His experience covers commercial real estate and development, complex real estate transactions and entitlement work, and strategic property acquisition, resulting in appreciation as well as increased wealth.
Elijah Knight, Broker
Elijah Knight serves as a Commercial Broker at NAI Piedmont Triad. Mr. Knight has played a key role in lease and sale deals across a broad range of asset types and sizes, from large-scale industrial facilities to mixed-use redevelopments. Prior to joining NAI Piedmont Triad, Elijah started in residential real estate in Boone, North Carolina. He is also a member of NAR and HCAR (High County Association of Realtors).
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Casey Harrell
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add/Redevelopment | Allows Multifamily | 9597 US Highway 29 Business
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