348 S Washington St, Rocky Mount, NC 27801
- $700,000
- List Price
- $700,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 100550337
- Price Change
- ▼ $250,000 1772084666
- Days on Market
- 21
- Year Built
- 1910
- Acres
- 0.68
- Neighborhood
- Not In Subdivision
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).
Additional Information
- Available Amenities
- None
- Foundation
- Slab
- Roof
- Membrane, Flat
- Lot Information
- Level, Corner Lot
- Utilities
- Natural Gas Available, Water Available, Electricity Available
- Water
- Public
Mortgage Calculator
Listing courtesy of Century 21 Sterling Combs.
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