3.5 Acres of Improved Commercial Land for Sale in Rocky Mount, North Carolina
2521 N Church St, Rocky Mount, NC 27804
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Map
Street
$1,414,286
3.45 acres
Active sale$186k dropEst $8,642/mo
Industrial Investment Opportunity in Rocky Mount, NC.
COECO Office Systems, Inc currently occupies the majority of the space within the building, allowing for additional income to be added in the remaining 12,500 SQ FT heated Warehouse space.
o CAP Rate - 7 percent o Value Add: Additional 12,500 square feet of conditioned warehouse space with a lay-down yard is also available for lease, providing the opportunity for even more revenue. Potential total NOI Projections = $155,250
o Close proximity to CSX Carolina Connector
Lease Terms:
- Base Rent = $4,687.50 monthly/$56,250 annual
- NNN $1 prorated = $1,041.66 monthly / $12,500 annual
- 2 - 10 YR Term
- 3% Annual Escalations
- Electrical service: at the main distribution panel (MDP) is rated at 800 amps, three-phase, four-wire, 120/208 volts, alternating current feeding circuit breaker panels.
47,900
Sq feet
1970
Built
Property details
- County
- Nash County
- Elevation
- 82 feet
- MLS Number
- TRIANGLE 10010368
- Date Listed
Legal description
1305 801 85A 1 10, 3 45 Ac, Oakdale
Parcels
- 018515
Property taxes
- 2023
- $11,546
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- Century 21 Real Estate
Structure
- Stories
- 1
- Materials
- Concrete, Metal
Exterior
- Parking Spots
- 40
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Apr 5, 2024 | Back on market | $1,414,286 | — | TRIANGLE |
Apr 2, 2024 | Under contract | $1,414,286 | — | TRIANGLE |
Feb 10, 2024 | Price decrease | $1,414,286 | $185,714 -11.6% | TRIANGLE |
Feb 8, 2024 | New listing | $1,600,000 | — | TRIANGLE |
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