The property is located on Hwy 158; the traffic count is approximately 9800 vehicles a day. The current zoning district for parcels 0903077, 0903078 and 0903079 are R-6 Residential. This means the properties would permit single family residences and duplexes are permitted by right. However, the properties could potentially be rezoned to B-3 Commercial which would allow commercial and multi- family opportunities. The owner has currently applied for rezoning to B-3. Located on Highway 158, this property is an excellent location for commercial or multi-family being minutes from Roanoke Rapids medical facilities, restaurants, shopping and I-95. There are currently 18 homes on the property, some are vacant.
This property is leased to Family Dollar which has more than 5 years remaining. There are 6 extended terms of 5 years each after that. Each term 10% rent increase. The building has been built in 2018. Under NN lease. Landlord only needs to maintain the structures and the roof.
Roanoke Rapids is located in North Carolina. Roanoke Rapids, North Carolina has a population of 15,107. Roanoke Rapids is more family-centric than the surrounding county with 21.11% of the households containing married families with children. The county average for households married with children is 18.46%.
The median household income in Roanoke Rapids, North Carolina is $34,299. The median household income for the surrounding county is $33,573 compared to the national median of $57,652. The median age of people living in Roanoke Rapids is 36.3 years.
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 29.6 degrees. The average rainfall is approximately 45.6 inches per year, with 4.8 inches of snow per year.