940 Cokey Rd

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940 Cokey Rd

Rocky Mount, NC 27801
Asking Price
$2.15M
Asset Type
Retail
Class
Class B

What's Special

940 Cokey Road is situated in a established commercial and residential corridor in Rocky Mount, North Carolina. The neighborhood is characterized by a mix of local service businesses and single-family housing. The property offers direct road frontage along Cokey Road, providing visibility to local traffic and proximity to the downtown district. Residents have access to nearby amenities including the Rocky Mount Event Center and various community parks. Transportation options are supported by the property’s accessibility to Business Highway 64 and NC-43, facilitating transit throughout the city and surrounding Edgecombe County. The site is suited for retail operations that serve the immediate residential population. Ideal use cases include convenience stores, specialized retail boutiques, or service-oriented businesses such as hair salons or small pharmacies. The typical tenant profile consists of local entrepreneurs or regional franchises seeking a neighborhood-centric footprint with manageable square footage. The layout supports walk-in customer traffic and benefits from the surrounding densely populated community, making it a viable option for businesses requiring a consistent local presence and functional storefront visibility within an active local marketplace.

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NOI
$80,000
Cap Rate
3.72%
DSCR
0.63
Underwater
Cash-on-Cash
-7.39%
Monthly Payment
$10,639.184
Annual Cash Flow
$-47,670.208

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