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    OFF-MARKET
    Retail properties & Spaces

    601-729 Walnut St, Rocky Mount, NC 27803

    22,910 SF Built 1954
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Year built 1954
    Total area 22,910 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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