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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1505 E Raleigh Blvd, Rocky Mount, NC 27801

    1,600 SF 0.54 ac lot Built 1986
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-1532752
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1986
    Total area 1,600 SF
    Lot 0.54 ac (23,522 SF)
    Zoning code R10
    APN 386031633800
    UPID US53-1532752
    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
    Current use
    Occupant on record · Public records
    • Lucky Hot Spot Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mohareb Odeh · 3 yrs held
    Mohareb Odeh
    since 2023
    Last sale
    $170,000
    2 recorded transactions
    2023
    2012
    $170,000
    Zoning & alternative use
    R10 · Rocky Mount, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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