3957 Eastern AveRocky Mount, NC 27804

Property Details for 3957 Eastern Ave

Year built

1977

Construction

CONCRETE BLOCKS

Lot size

31.22 AC

Property size (Sq ft)

1,600 SF

Zone code

R30

Property type

Office properties

Property subtype

Office buildings

APN

382007-59-9286U

APU

382007599286U

Description

This exceptional 1.5-acre commercial property is situated on a signalized corner at the intersection of Eastern Avenue and Old Carriage Road in Rocky Mount, North Carolina. Boasting over 290 feet of frontage on Eastern Avenue, this site offers unparalleled visibility and accessibility. Its strategic location provides excellent proximity to Interstate 95 (Exit 138) and US-64 (Exit 463), ensuring high traffic volume. The property is zoned for a variety of uses, including ground lease, build-to-suit, or outright sale, making it ideal for a quick-service restaurant (QSR), bank, medical office, or other commercial ventures. The site is adjacent to a proposed national express car wash, further enhancing its desirability within a rapidly developing retail corridor. The high daily traffic count of approximately 124,500 vehicles at the intersection underscores the significant potential for business growth. This is a rare opportunity to acquire a highly visible and strategically located parcel in a thriving North Carolina market. The property presents an outstanding development opportunity in a city experiencing robust economic growth, particularly in the manufacturing sector. Rocky Mount's strong sense of community and diverse offerings, including a thriving downtown area and educational institutions like Nash Community College, contribute to a positive and supportive business environment. Contact for pricing details.

• CAP approach

  CAP return

  Valuation

  6%

  $387,830

  6.5%

  $357,997

  7%

  $332,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,554

  Geo Method

  $367,264

• Alternative Use

  Use

  Valuation

  Residential

  $443,917

  Hospitality

  $406,625

  Educational

  $338,307

  Medical

  $349,942

  Retail

  $526,256

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.969

Longitude

-77.8982

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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