334 / 348 S Washington ST Active

Rocky Mount,NC 27801

$ 1100000

- Bed

0 Bath

20677 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 20,677 sqft

Price per Sqft $53

Subdivision Not In Subdivision

MLS Listing ID 100419570

HOA Y/N Yes

Originating Board North Carolina Regional MLS

Year Built 1910

Annual Tax Amount $5,715

Lot Size 0.682 Acres

Acres 0.68

Lot Dimensions 255 x 110

Property Description

Redevelopment and 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 qualifications 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).

Location

State NC

County Edgecombe

Community Not In Subdivision

Zoning B4

Direction From Hwy 64 (Future 1-87) and Atlantic Ave-take Atlantic Ave South to Hill St--Rt on Hill St To S Washington, Left on S Washington. From Hwy 64(Future I-87) and E Raleigh Blvd, take E Raleigh Blvd towards Downtown to Hill St, make a right on Hill St, Hill To S Washington, left on S Washington

Rooms

Basement Finished - No,Other

Interior

Flooring Concrete,Wood

Exterior

Garage Parking Lot,Additional Parking,Other,Paved

Utilities Available Electricity Connected,City Water,Natural Gas Connected

Roof Type Flat

Building

Lot Description Level,Corner Lot

Foundation Slab

Sewer Municipal Sewer

Water Municipal Water

New Construction No

Others

Tax ID 375968379500

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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