1701 Sunset AveRocky Mount, NC 27804

Property Details for 1701 Sunset Ave

Year built

1928

Construction

BRICK

Lot size

2.30 AC

Property size (Sq ft)

58,511 SF

Zone code

B2

Property type

Office buildings

APN

384016-93-0324

APU

384016930324

Description

This stunning, five-story Class A office building, situated on 2.3 acres in Rocky Mount, NC, offers a unique blend of historic charm and modern convenience. Originally constructed in 1923, the 57,556 square foot Rocky Mount Power Plant has been thoughtfully renovated to provide a variety of office spaces, ranging from 180 to 2,624 square feet, suitable for coworking, traditional office setups, or executive suites. Multiple tenancy options are available. The building boasts 90-100 parking spaces and elevators for easy access. Located on Sunset Avenue, the city's busiest street, this high-visibility location offers exceptional foot and vehicle traffic. Its prime location is less than half a mile from Highway 301 and within a mile of numerous national retail chains, including Popeyes, KFC, Dunkin' Donuts, and Panera Bread. Utilities are included, and mail services can be arranged for individual units. The B2CU zoning provides flexibility for various business types. The property's address is 1701 Sunset Ave, Rocky Mount, NC 27804 (APN: 3840-16-93=0324, Nash County). Enjoy the added benefit of proximity to the city lake. This is an exceptional opportunity to lease office space in a landmark building with unparalleled accessibility and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $16,073,700

  6.5%

  $14,837,300

  7%

  $13,777,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,489,100

  Geo Method

  $13,430,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,079,500

  Retail / Commercial

  $15,888,700

  Mixed-Use / Specialty

  $15,389,600

  Hospitality / Lodging

  $10,714,800

  Institutional / Educational

  $15,840,800

  Residential Income

  $18,533,800

  Multifamily

  $24,681,400

  Automotive / Energy

  $13,577,900

  Parking / Income-Based Land

  $5,122,710

  Restaurant / Food Service

  $7,059,930

  Healthcare / Senior Housing

  $16,235,500

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.9517

Longitude

-77.8205

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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