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350 Franklin St Rocky Mount, VA 24151

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Multi-Tenant Retail Building in Rocky Mount, VA

Property size:
11,424 SF

Property Features for 350 Franklin St

General Information

Property type
Individual retail properties
Square Feet
11,424 SF
Lot Size
4,792 SF

Building Details

Year Built
1953
Buildings
1
Stories
2

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Listing Contact
Kathryn Wiley

Listing Agency: Coldwell Banker Commercial NRT San Jose Listing Agent: Kathryn Wiley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

The Haywood Building, a 11,424 square foot, two-story retail property located at 350 Franklin St, Rocky Mount, VA 24151, presents a unique owner/user or investment opportunity. This multi-tenant building, situated on a 0.11-acre lot, boasts six tenants, including a barbershop with recently updated flooring, and offers a mix of retail and office spaces. The building, constructed in 1953, has undergone significant recent improvements, including a new roof (2021), a new hot water heater (2022), and new HVAC systems for the upstairs office space (May 2024). The 7,616 square feet of net rentable space is currently priced at $30.64 per square foot, with an asking price of $350,000. The largest tenant has occupied their space since 1953, highlighting the building's strong historical tenancy. Upstairs, there is a sizable wing of office space currently unused, complete with plumbing for future development, a kitchen, and restrooms for tenants. One retail space includes a private bathroom. The building's prime location in a rapidly growing area of Rocky Mount, near The Harvester music center and the library, offers excellent walkability to shops and restaurants. A basement area, currently used for storage, also presents additional development potential. Rent bumps are implemented yearly, and the property is zoned for commercial use. This property offers a blend of established income and significant upside potential for future development.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Architectural Salvage & Antique ... Publishing House LifeSaver Insurance VA Insurance Agency

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Rocky Mount
County
Franklin
State
Virginia
Longitude
-79.8922762
Latitude
36.9978376

FAQs

What type of property is this?
Individual retail property - Multi-Tenant Retail Building in Rocky Mount, VA
Where is this individual retail property located?
The property is located at 350 Franklin St Rocky Mount, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 11,424 SF two-story retail building on a 0.11-acre lot in Rocky Mount, VA.; Six-tenant multi-tenant building with a mix of retail and office space, including a recently updated barbershop.; $350,000 asking price, $30.64/SF net rentable area (7,616 SF).
(408) 828-5190 Call to check price and availability
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