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Value Add Retail At Signlaized Intersection 606 Cokey Rd 9,180 SF Vacant Retail Building Online Auction Sale Rocky Mount, NC 27801
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Investment Highlights
- Recently renovated former Family Dollar on a signalized corner lot with turnkey availability for owner/users, investors, or redevelopment.
- Rare opportunity to acquire a fully vacant retail building with immediate occupancy potential in a growing Eastern North Carolina market.
- Access a consumer base exceeding 90,000 residents supported by more than $1 billion in annual consumer spending throughout the market.
- Strategic Rocky Mount location just 5 minutes from US-64 with convenient access to I-95, Raleigh, Wilson, Greenville, and beyond.
- Versatile general commercial zoning supports numerous retail, office, medical, service, educational, and specialty commercial uses.
- Positioned on 0.73 acres with prominent signage and visibility to 5,500+ vehicles daily adjacent to a high-traffic neighborhood supermarket.
Executive Summary
Discover 606 Cokey Road, Rocky Mount, North Carolina, a fully vacant 9,180-square-foot freestanding building situated on a 0.73-acre corner lot at a signalized intersection. Formerly occupied by Family Dollar, this turnkey retail property was built in 2005 and renovated in 2018, offering immediate occupancy potential for an owner/user or a compelling value-add investment opportunity. Versatile zoning accommodates a wide variety of business operations, while its fully vacant status provides flexibility for immediate occupancy, repositioning, redevelopment, or lease-up strategies.
Located just 5 minutes from U.S. Highway 64 with convenient access to Interstate 95, 606 Cokey Road benefits from Rocky Mount's strategic position at the crossroads of major transportation corridors connecting Raleigh, Wilson, Greenville, and other key North Carolina markets. The area is supported by numerous neighborhood amenities, shopping destinations, restaurants, parks, golf courses, community centers, and higher education institutions, including NC Wesleyan University (7 miles), Nash Community College (10 miles), and Edgecombe Community College (15 miles), providing access to a substantial student and workforce population. The store offers prominent signage opportunities at a highly visible, signalized intersection with exposure to more than 5,500 vehicles per day for increased consumer draw,
Investors and business owners will appreciate access to a trade area of more than 90,000 residents supported by approximately $1 billion in consumer spending, creating strong fundamentals for retail, service, medical, office, discount retail, educational, fitness, or specialty commercial uses. Rocky Mount's economy is driven by advanced manufacturing, biomedical pharmaceuticals, and logistics, providing a stable employment base and long-term growth potential. 606 Cokey Road combines strong visibility, excellent accessibility, owner/user appeal, and investment upside in one of Eastern North Carolina's established commercial corridors.
Located just 5 minutes from U.S. Highway 64 with convenient access to Interstate 95, 606 Cokey Road benefits from Rocky Mount's strategic position at the crossroads of major transportation corridors connecting Raleigh, Wilson, Greenville, and other key North Carolina markets. The area is supported by numerous neighborhood amenities, shopping destinations, restaurants, parks, golf courses, community centers, and higher education institutions, including NC Wesleyan University (7 miles), Nash Community College (10 miles), and Edgecombe Community College (15 miles), providing access to a substantial student and workforce population. The store offers prominent signage opportunities at a highly visible, signalized intersection with exposure to more than 5,500 vehicles per day for increased consumer draw,
Investors and business owners will appreciate access to a trade area of more than 90,000 residents supported by approximately $1 billion in consumer spending, creating strong fundamentals for retail, service, medical, office, discount retail, educational, fitness, or specialty commercial uses. Rocky Mount's economy is driven by advanced manufacturing, biomedical pharmaceuticals, and logistics, providing a stable employment base and long-term growth potential. 606 Cokey Road combines strong visibility, excellent accessibility, owner/user appeal, and investment upside in one of Eastern North Carolina's established commercial corridors.
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Data Room Click Here to Access
- Purchase Agreement
- Operating and Financial Statements
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.73 AC
Opportunity Zone
Yes
Parcel Number
3759-76-8257-00
Zoning
commercial - Rocky Mount City Limits, Edgecomb County
Parking
15 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
151’ on Cokey
Amenities
- Signage
- Signalized Intersection
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
About Rocky Mount Narrative
Rocky Mount, North Carolina, is located at the juncture of several major highways and railways, including interstates 95 and 87. Historically, the city’s economy was centered around textile and manufacturing, but the area has attracted a variety of industries in recent decades. The area has access to a larger-than-average talent pool via the collective of colleges and universities, including North Carolina Wesleyan University and numerous others within a 90-minute drive. Trade, transportation, and manufacturing continue to make up a large portion of the Rocky Mount region’s workforce.
The region south of Rocky Mount’s core is a mostly suburban area with access to some of the most traveled regional thoroughfares, including State Route 301, which connects the region to the Richmond area. The region also has access to the city’s core, adjacent districts, and newly revitalized areas. Very little new retail space has been constructed in this area over the past five years, which has made retail space hard to find. Lack of available space, coupled with an uptick in demand for the region’s retail space over the past few years, has kept vacancies tight and rent gains steady. These attributes, along with the area’s affordability, should continue to positively impact the region’s retail sector.
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
8,290
31,413
56,476
2020 Population
6,990
28,346
53,891
2030 Population
8,729
32,740
58,296
2025-2030 Projected Population Growth
5.3%
4.2%
3.2%
Daytime Employees
4,914
14,393
31,009
Total Businesses
415
1,410
3,306
Average Household Income
$44,072
$56,465
$68,709
Median Household Income
$30,738
$42,188
$54,125
Total Consumer Spending
$64.2M
$284.1M
$582M
Median Age
41.4
40.5
41.4
2025 Households
3,425
13,238
24,157
Percent College Degree or Above
7%
11%
14%
Average Home Value
$171,585
$170,788
$194,324
$ values in USD
Nearby Major Retailers
Sale Advisors
Sale Advisors
Ann Smith, SVP of Commercial Sales & Leasing
Ann is a seasoned real estate executive with more than 30 years of experience spanning all facets of commercial real estate. She is recognized for her analytical approach to identifying market opportunities, improving occupancy, and maximizing asset performance. Her ability to translate deep industry knowledge into actionable strategies has contributed to the success of the organizations she serves. Ann is also known for her communication skills, extensive industry relationships, and expertise in lease negotiation and complex deal structuring.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Pace Zambito
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value Add Retail At Signlaized Intersection | 606 Cokey Rd
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Value Add Retail At Signlaized Intersection | 606 Cokey Rd
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