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    334/348 Washington St Rocky Mount, NC 27801

    Sponsored
    For Sale
    $1,200,000

    Prime location, redevelopment opportunity.

    Property size:
    53,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.68-acre commercial land parcel, located at 334/348 S. Washington Street in Rocky Mount, NC (27801), presents a unique mixed-use development opportunity. The property encompasses a substantial 53,795 square feet and is zoned for both commercial and residential use, allowing for versatile development plans. A key advantage is the potential for significant grant funding

    Property Features for 334/348 Washington St

    General Information

    Property type
    Land
    Square Feet
    53,795 SF
    Lot Size
    29,621 SF

    HighLights

    • 0.68‑acre commercial land parcel in Rocky Mount, NC.
    • 53,795 square feet of developable land.
    • Mixed‑use zoning (commercial and residential).
    • Potential for significant grant funding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.7960421
    Latitude
    35.9387008

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    FAQs

    What type of property is this?
    Land - Prime location, redevelopment opportunity.
    Where is this land located?
    The property is located at 334/348 Washington St Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 0.68-acre commercial land parcel in Rocky Mount, NC.; 53,795 square feet of developable land.; Mixed-use zoning (commercial and residential).
    Request Owner's contact information
    334/348 Washington St Rocky Mount, NC 27801
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    Rocky Mount, NC 27801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    334/348 Washington St Rocky Mount, NC 27801
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