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Listed by Braddock Realty
$ 650,000
Est. payment /mo
New
3048-3094 Sunset Avenue Rocky Mount, NC 27804
11,033 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 11,033 sqft
Price per Sqft $58
MLS Listing ID 10136407
Abv Grd Liv Area 11,033
Year Built 1978
Annual Tax Amount $10,455
Lot Size 1.010 Acres
Acres 1.01
Property Sub-Type Office
Source Triangle MLS
Property Description
Acquire this 1978 10-unit office building for $650,000 - less than half of replacement cost. Located at 3048-3094 Sunset Avenue, on 1 acre of land, this 11,033 square foot office building is being offered at just $58.91 per square foot. The high 70% vacancy provides an excellent opportunity to bring your aggressive lease up campaign and increase the current annual income of $21,816 to a projected stabilized annual income of $128,046. Based on the asking price and operating expenses of $12,541.57, the asset offers a compelling projected stabilized capitalization rate of 16.97%. Appraised in 2021 for $1,109,000
Location
State NC
County Nash
Direction Exit US-64 and turn South onto N Winstead Ave. Turn left onto Sunset Avenue Property will be on your left
Exterior
Private Pool No
Building
Faces Exit US-64 and turn South onto N Winstead Ave. Turn left onto Sunset Avenue Property will be on your left
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 015014
Special Listing Condition Standard
