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Chris Pappalardo

Owner | The Chris Pappalardo Team | KW One

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2325 Sunset Ave , Rocky Mount, NC 27804
$775,000
Est. Payment: $1,722.22/mo
0 Bed
0 Bath
7274 Sqft
Status: Active | Days on site: 1
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76768 - 89397
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Multi-tenant office investment with in-place income and lease-up upside on Rocky Mount's busiest retail corridor. Single-story +/-7,274 SF brick building (built 1966, renovated 2022) on +/-0.61 acres at a signalized intersection on Sunset Ave, surrounded by Sam's Club, Lowe's, CVS and national restaurant and hotel brands. 1.5 miles to UNC Health Nash and US-64, under an hour to Raleigh. Three established service tenants in place (staffing, home care and family services); one +/-2,100 SF open-concept suite is vacant and was most recently marketed at $14.00/SF/yr NNN. In-place scheduled income of $7,498/mo ($89,976/yr); pro forma at full occupancy $121,176/yr. Offering includes the 37 Westview Park Dr suites under common ownership. 41 surface parking spaces (+/-5.6/1,000 SF), building signage plus a dedicated monument road sign, O-I zoning accommodating office, medical and institutional uses. Asking $775,000 (+/-$107/SF), well below replacement cost. Rent roll and pro forma in associated documents; lease terms provided during due diligence. Please do not disturb tenants.
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Highlights

Listed by Ben Braddock , 919-213-0308 Braddock Realty , 888-731-1710.

Property Type

Commercial Sale
Lot/Acreage
0.61

Year Built

1966

County

Nash

Listing ID

10192962

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot:City Lot,Corner Lot
Lot Dimensions:Irregular - see ta x records
Zoning:O-I
Principal Interest
$1,722
Taxes
$880

Home Price

$775,000

Loan Details

30 yrs
%

Down Payment

20%
$155,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,722.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,722.22 $880.11 $0.00 $2,602.33
Yearly $20,666.67 $10,561.32 $0.00 $31,227.99
Total $620,000.00 $316,839.60 $0.00 $936,839.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rocky Mount, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.