804-244-3401
325 Franklin St, Rocky Mount, VA for Sale
Retail - FOR SALE
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325 Franklin St
Rocky Mount, VA 24151


HIGHLIGHTS

  • Adaptive Reuse Opportunity – Ideal for boutique hotel, event venue, or mixed-use retail/office.
  • Strong Tourism Base – Capture demand from Smith Mountain Lake, Blue Ridge Parkway, and Harvester events.
  • Limited Hospitality Supply – Few new hotels in pipeline; favorable conditions for conversion projects.
  • High Visibility for Retail – Corner location with strong traffic counts (~11,000 AADT historically).
  • Growing Downtown Momentum – Recent infrastructure upgrades and revitalization initiatives support long-term appreciation.

OVERVIEW

Own a landmark property in the heart of Rocky Mount’s revitalized Central Business District. 325 Franklin Street offers ±16,000 SF across three floors plus basement, positioned at a signalized intersection on Franklin Street (VA-40) with excellent visibility and walkability. This iconic 1930 brick structure features large display windows, freight elevator, sprinkler system, and rear loading access, making it ideal for mixed-use redevelopment—from boutique hospitality and event space to retail and creative office. Steps from the Harvester Performance Center, courthouse, and library, the property benefits from strong event-driven foot traffic, growing tourism tied to Smith Mountain Lake and the Blue Ridge Parkway, and proximity to public parking (72 spaces on Claiborne Ave plus additional lots). Recent infrastructure upgrades (ADA sidewalks, Route 220 corridor improvements) enhance accessibility for regional visitors. Zoned CBD, the site supports a wide range of uses including retail, restaurant, office, and residential above ground-floor commercial. With Franklin County’s tourism economy topping $74.7M in annual visitor spending and limited new hotel supply, this asset is a rare opportunity to capture demand in a market poised for growth.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CBD

APN/PARCEL ID

2070103300

ASK ABOUT THIS PROPERTY

Marlo LashleyBracket Real Estate, Inc.More Info
804-244-3401

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Marlo LashleyBracket Real Estate, Inc.More Info
804-244-3401

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