334/348 S. Washington Street

Rocky Mount, NC

Others for Sale - $950,000 - 53,795 Sq. Ft.


Agent Info

Max Avent
CENTURY 21 Sterling Combs

Property Info

CIMLS#1153144
Location
  334/348 S. Washington Street
  Rocky Mount NC 27801
UpdatedMarch 15th, 2025
TypeOthers
Price$950,000
Building53,795 Sq. Ft.

Property Description

Redevelopment & Zoning Ordinance: Offers mixed use development opportunity, with the assumption a minimum of (2) floors are upfitted for residential units. The current zoning ordinance confirms both commercial and residential usage. Grant Funding - Based on the city's current qualification for downtown projects, this building has an estimated qualification of grant funding totaling $850,000. Buyer should consult RMT City for qualifications. Historic Tax Credits: Eligible for both federal and state tax credits, total amount is based on development design and qualified real estate expenses (reference IRS guidelines). Buyer should consult professional tax consultant on qualifications. Walking distance to Edge Community Bio Tech Ctr, walking distance to RMT Event Ctr, close to RMT public transportation Ctr. (Amtrak Station city bus transit>.


Financials



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