15 E 11th St - Storefront Retail/Office FOR SALE


Roanoke Rapids, NC 27870
$189,900 USD
252-537-9012
15 E 11th St, Roanoke Rapids, NC for Sale
$189,900 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

15 E 11th St
Roanoke Rapids, NC 27870


HIGHLIGHTS

  • Corner commercial location offering strong street presence and daily visibility
  • Multi-tenant investment with two long-term occupants providing immediate income
  • Flexible configuration suitable for retail, office, medical, or service operators
  • Updated flat roof within the past decade enhancing long-term structural reliability.
  • Convenient access from I-95 and local highways supporting regional customer reach.
  • On-site parking combined with surrounding street parking for tenant convenience.

OVERVIEW

Positioned prominently at the corner of 11th Street and Hamilton Street in Roanoke Rapids’ active general business district, this versatile commercial property offers an excellent investment opportunity with multi-tenant income potential and strong long-term stability. Constructed in 1959 and situated on approximately 0.19 acres, the building contains five separate commercial units suitable for a wide range of uses including retail, professional office, business services, and medical. Two of the units are currently occupied by established long-term tenants, a barber shop and a printing business, creating immediate in-place cash flow with additional upside potential from leasing the remaining vacancies. The property’s freestanding configuration and corner-lot position provide exceptional visibility and access from paved city streets, complemented by approximately 200 feet of road frontage. The brick and concrete exterior, slab foundation, and updated flat roof within the past decade provide a reliable structural profile. Each unit benefits from its own heating source, and utilities include public water and sewer, electricity, cable availability, and phone service. While air conditioning is not confirmed for all units, the overall layout offers flexibility for tenant improvements or repositioning. On-site parking for at least five vehicles, along with street parking, supports a variety of commercial operations. Surrounded by a mix of commercial users to the north and west and residential neighborhoods to the south, the property serves as a convenient hub for local daily traffic. Its proximity to I-95, Highway 158, and 10th Street enhances accessibility for customers and employees across Halifax County. With its adaptable interior layout, established tenancy, and strategic location within the city’s business corridor, this multi-unit asset is well suited for investors seeking stable returns and future leasing upside in a growing regional market.

FOR SALE DETAILS

PRICE

$189,900 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

09-04138

ASK ABOUT THIS PROPERTY

Betty HarrisWilkie Real EstateMore Info
252-537-9012

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Betty HarrisWilkie Real EstateMore Info
252-537-9012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.