685 Wesleyan BlvdRocky Mount, NC 27803

Property Details for 685 Wesleyan Blvd

Year built

2012

Lot size

1.41 AC

Property size (Sq ft)

8,320 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

374907-68-6589

APU

374907686589

Description

This exceptional commercial property, located at 685 S Wesleyan Blvd in Rocky Mount, North Carolina, presents a unique investment opportunity. The property encompasses a substantial 8,346 square feet of retail space situated on a generous 1.41-acre lot. Currently, the entire building is vacant, offering a blank canvas for a prospective tenant or buyer to customize and develop. The property's zoning allows for multiple tenants, providing flexibility for various retail concepts. The address is conveniently located in Nash County, with easy access to major roadways, ensuring high visibility and convenient access for customers. The expansive lot size offers ample parking and potential for future expansion or development. This property is ideal for a single large retailer seeking a prominent location or multiple smaller businesses looking to share a space. The existing building provides a solid foundation for immediate occupancy, eliminating the need for extensive construction. With its strategic location and significant square footage, this property represents a compelling opportunity for growth and profitability in the thriving Rocky Mount market. The property is available for lease. The zip code is 27803.

• CAP approach

  CAP return

  Valuation

  6%

  $2,964,576

  6.5%

  $2,736,531

  7%

  $2,541,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,550,257

  Geo Method

  $4,812,628

• Alternative Use

  Use

  Valuation

  Residential

  $2,308,366

  Hospitality

  $2,114,451

  Educational

  $1,759,199

  Medical

  $1,819,700

  Retail

  $2,736,531

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.9386

Longitude

-77.8288

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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