$600,000

3048-3094 Sunset Avenue, Rocky Mount NC, 27804

Price per sqft$54.38

Built in1978

Property size11,033 sqft

Property typeCommercial

Listing courtesy of Braddock Realty

Overview

Sold

Closed

Listed Dec 8, 2025

Updated 12 days ago

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

Additional information

MLS^® ID: 10136407

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 1.01 Acres

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Bought with Non Member, Non Member Office and Listed by Benjamin David Riegel, Braddock Realty

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Data last updated 4:23 AM UTC, 9/26/2026