350 Franklin St Rocky Mount, VA 24151-1626

The Haywood Building, a 11,424 square foot, two-story retail property located at 350 Franklin St, Rocky Mount, VA 24151, presents a unique owner/user or investment opportunity. This multi-tenant building, situated on a 0.11-acre lot, boasts six tenants, including a barbershop with recently updated flooring, and offers a mix of retail and office spaces. The building, constructed in 1953, has undergone significant recent improvements, including a new roof (2021), a new hot water heater (2022), and new HVAC systems for the upstairs office space (May 2024). The 7,616 square feet of net rentable space is currently priced at $30.64 per square foot, with an asking price of $350,000. The largest tenant has occupied their space since 1953, highlighting the building's strong historical tenancy. Upstairs, there is a sizable wing of office space currently unused, complete with plumbing for future development, a kitchen, and restrooms for tenants. One retail space includes a private bathroom. The building's prime location in a rapidly growing area of Rocky Mount, near The Harvester music center and the library, offers excellent walkability to shops and restaurants. A basement area, currently used for storage, also presents additional development potential. Rent bumps are implemented yearly, and the property is zoned for commercial use. This property offers a blend of established income and significant upside potential for future development.