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Office Vacant-User

451 N. Winstead Avenue

451 N Winstead Ave, Rocky Mount, NC 27804

Listing Price: $1,050,000

Cap Rate
10.78%
Gross SF
11,315
Rentable SF
11,315
Price/Gross SF
$92.80
Lot Size
1.66 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to present a single-tenant office building located in Rocky Mount, North Carolina. The property consists of a 3 story 11,315 square foot building built in 1987 on 1.66 acres.

Off North Winstead Avenue, this former corporate headquarters spans 2 parcels and offers easy access to US-64 and I-95. The well-landscaped steel-frame property sits less than 0.5 miles from the UNC Nash regional healthcare campus, a 345 bed multi facility hospital. It is a well-located asset in northwestern Rocky Mount, approximately 45 minutes from Raleigh, Goldsboro, Greenville, and the Virginia border and offers immediate upside. The property was vacated following a corporate merger but offers a great opportunity with immediate lease up or redevelopment into multiple units. The building sits on a slight grade and half of the subject property sits in the 100-year flood plain: impacting the lower parking area and the lower level. The ground floor and top level are not in the 100-year flood plain. Property amenities include an alarm system, camera security, 200K full-building generator, standing-seam metal roof, sprinkler system, fiber-optic internet, and office furniture.

The 5,380 SF ground level includes a large reception area with floor to ceiling glass, 14 offices (1 executive with private toilet), 3 conference rooms (1 with wet bar and toilet), mail room, break room, 3 storage closets, and 2 bathrooms. The 5,380 SF top level has 6 offices, a large IT room, 1,300 SF filing room, break room with kitchen, mechanical room, 3 storage closets, and 2 bathrooms. The 555 SF lower level was used as an exercise room and includes a full bath with shower, electrical room, 2 storage areas, and a patio.

The Rocky Mount MSA consists of Edgecombe and Nash counties and the population is estimated at 150,000. The area has grown historically through rail, textiles, and agriculture, but like many places has modernized with a shift towards the biomedical, manufacturing, and logistics industries.

Investment Highlights

  • 45-minute drive to Raleigh, Goldsboro, Greenville, and the Virginia border
  • Easy access to I-95 (49,500 VPD) and US Highway 64 (45,500 VPD)
  • 0.5 Miles to UNC Nash Healthcare County Hospital
  • Move-in ready for owner-occupant including furniture
  • Prominent location on North Winstead Avenue with 27,500 Vehicles Per Day
  • Immediate upside with leasing or redevelopment into multiple units

Exclusively Listed By

Office Vacant-User

451 N. Winstead Avenue

Listing Price: $1,050,000

Cap Rate
10.78%
Gross SF
11,315
Rentable SF
11,315
Price/Gross SF
$92.80
Lot Size
1.66 acres
Year Built
1987

Investment Highlights

  • 45-minute drive to Raleigh, Goldsboro, Greenville, and the Virginia border
  • Easy access to I-95 (49,500 VPD) and US Highway 64 (45,500 VPD)
  • 0.5 Miles to UNC Nash Healthcare County Hospital
  • Move-in ready for owner-occupant including furniture
  • Prominent location on North Winstead Avenue with 27,500 Vehicles Per Day
  • Immediate upside with leasing or redevelopment into multiple units

Investment Overview

Marcus & Millichap is pleased to present a single-tenant office building located in Rocky Mount, North Carolina. The property consists of a 3 story 11,315 square foot building built in 1987 on 1.66 acres.

Off North Winstead Avenue, this former corporate headquarters spans 2 parcels and offers easy access to US-64 and I-95. The well-landscaped steel-frame property sits less than 0.5 miles from the UNC Nash regional healthcare campus, a 345 bed multi facility hospital. It is a well-located asset in northwestern Rocky Mount, approximately 45 minutes from Raleigh, Goldsboro, Greenville, and the Virginia border and offers immediate upside. The property was vacated following a corporate merger but offers a great opportunity with immediate lease up or redevelopment into multiple units. The building sits on a slight grade and half of the subject property sits in the 100-year flood plain: impacting the lower parking area and the lower level. The ground floor and top level are not in the 100-year flood plain. Property amenities include an alarm system, camera security, 200K full-building generator, standing-seam metal roof, sprinkler system, fiber-optic internet, and office furniture.

The 5,380 SF ground level includes a large reception area with floor to ceiling glass, 14 offices (1 executive with private toilet), 3 conference rooms (1 with wet bar and toilet), mail room, break room, 3 storage closets, and 2 bathrooms. The 5,380 SF top level has 6 offices, a large IT room, 1,300 SF filing room, break room with kitchen, mechanical room, 3 storage closets, and 2 bathrooms. The 555 SF lower level was used as an exercise room and includes a full bath with shower, electrical room, 2 storage areas, and a patio.

The Rocky Mount MSA consists of Edgecombe and Nash counties and the population is estimated at 150,000. The area has grown historically through rail, textiles, and agriculture, but like many places has modernized with a shift towards the biomedical, manufacturing, and logistics industries.

Exclusively Listed By

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