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    601-729 Walnut St Rocky Mount, NC 27803

    Sponsored
    For Lease
    $11 SF/Yr

    Historic Rocky Mount retail space available.

    Lot size:
    22,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 22,910 square foot, Class C retail center, located at 601-729 Walnut St, Rocky Mount, NC 27803, presents a unique investment opportunity. Built in 1954 and renovated in 2019 (including a new roof), the property sits on a 1.54-acre lot and offers 2,160 square feet of vacant space, divisible into units as small as 800 square feet, with a maximum contiguous space of 1,360 square feet. The center features ample parking (3.75 spaces per 1,000 square feet) and benefits from a B2 zoning designation. Recent improvements include repaving the parking lot and repairing the main sign. The property enjoys a prime location, surrounded by a mix of residential and commercial properties, including national chains such as Dollar Tree, Hardee's, and Piggly Wiggly. This is an excellent chance to become part of a thriving, renovated shopping center with potential for over ten tenants. The property's APN is 3759-10-27-9405, located in Nash County. This historic shopping center offers a strong foundation for future growth and success.

    Property Features for 601-729 Walnut St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,910 SF
    Class
    C
    Total Rate
    21000.83

    Building Details

    Year Built/Renovated
    1954/2019
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 727
    Size
    1,360 SF
    Rate per SF
    $11
    Space
    Unit 729
    Size
    800 SF
    Rate per SF
    $11

    HighLights

    • Dual street access.
    • Excellent commercial and residential location.
    • New roof (2019).
    • New parking lot (early 2021).
    • Fresh exterior paint (early 2021).
    • New tenant signage (early 2021).
    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
    -77.8075412
    Latitude
    35.9354823

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    FAQs

    What type of property is this?
    Retail property - Historic Rocky Mount retail space available.
    Where is this retail property located?
    The property is located at 601-729 Walnut St Rocky Mount, NC.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Dual street access.; Excellent commercial and residential location.; New roof (2019).
    Request Owner's contact information
    601-729 Walnut St Rocky Mount, NC 27803
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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
    601-729 Walnut St Rocky Mount, NC 27803
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