3048-3094 Sunset Avenue
Rocky Mount, NC 27804Acquire 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
$650,000
bedrooms
full bathrooms
1.01 acres
11,033 square feet
$59 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick
- Lot Size Acres 1.01
- Cooling Y/N Yes
- Heating Y/N Yes
- Tax Annual Amount 10455.5
- Year Built 1978
Additional Property Information
- TypeOffice
- Built1978
- Neighborhood
- CountyNash
- AreaRocky Mount
- Elementary School
- Middle School
- High School
Listing courtesy of Braddock Realty. © 2025 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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