March 17, 2025 – Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a vacant building in Rocky Mount, North Carolina. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $625,000.
The vacant building is located at 824 W Raleigh Boulevard in Rocky Mount, North Carolina. The vacant building was formerly occupied by Rite Aid and is improved by an 11,480 square foot freestanding single tenant building on a 1.89-acre corner parcel (82,328 square feet). 824 W Raleigh Boulevard is a corner parcel and is zoned B-2 Commercial Corridor District, one of the most versatile zoning designations in the city of Rocky Mount. The Property is equipped with a drive-thru and offers outstanding frontage and visibility at a signalized intersection with four (4) points of access. The Property is well-located at the signalized intersection of W Haven Boulevard and W Raleigh Boulevard (NC Route 97), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility and frontage and offers four points of access. The Property is close to major roadways, area schools, and the Rocky Mount Train Station. The location is surrounded by densely developed residential neighborhoods that provide a strong consumer base, as well as national retailers that drive traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.