1505 E Raleigh Blvd, Rocky Mount, NC 27801
For Sale
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This exceptional retail property, located at 1505 E Raleigh Blvd in Rocky Mount, NC, presents a unique investment opportunity. The 1,600 square foot building, constructed in 1986, sits on a 0.54-acre lot and is zoned for commercial use. Currently vacant, this Class C property offers immediate potential for owner-users or investors seeking a prime retail location. The asking price is $339,000, translating to $211.88 per square foot. The property features one building, one story, and one unit. Its convenient location near Highway 64 and on the high-traffic East Raleigh Boulevard ensures excellent visibility and accessibility. The property includes one gas pump and a refrigerator unit that will convey with the sale. The surrounding area boasts a high density of residential properties, including apartments both behind and across the street, creating a strong customer base. This is an ideal opportunity to establish a thriving convenience store or grocery store business in a well-populated area. The property's size and location make it an attractive investment for both owner-operators and passive investors seeking a strong return. Serious inquiries are encouraged.
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Lucky Hot Spot Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R10 · Rocky Mount, NCRocky Mount. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.