Historic Rocky Mount - Business Opportunities


	The Community Partnership provides building listings for property owners and businesses that are supporting members. Central Business District of Rocky Mount, Virginia Uptown/Downtown Revitalization efforts within the Central Business District are paying off handsomely for the Town of Rocky Mount and Franklin County. Per data supplied by the Finance Department of the Town of Rocky Mount: 1999 (prior to revitalization) Property assessment value: $14,500,000 (approx.) Restaurant sales: $ 559,400 Meals Tax: $ 22,376 2007-08 Property assessment value: $33,600,000 Restaurant sales: $ 1,973,620 Meals Tax: 98,681 The Community Partnership for Revitalization is proud to have led the Central Business District revitalization efforts by bringing the Main Street program to the district. This program, managed by the Community Partnership for Revitalization, continues to be a vital tool in securing, and keeping, revitalization grants.
	N. Morris Building SOLD- Space available for lease Location: 115 South Main Street Zoned: Central Business District Building: 8940 sq. ft. (3 floors) Parking: Street parking with limited parking at the rear of the building Year Built: ca. 1912
	This building faces Main Street and is located directly across from the Franklin County Courthouse. Character defining features include a classic brick façade with cornice work and an interior with pressed metal ceilings, shelves and library ladder, 15’ ceilings, beaded board work, and exposed wood beam construction on the second and third floors. This building is eligible for state and federal rehabilitation tax credits and the Town of Rocky Mount’s Enterprise Zone benefits.

		Rakes Building SOLD Commercial Building Location: 132 South Main Street Zoned: Central Business District Building: 7500 sq. ft. Year Built: ca. 1912
	The Rakes building is a brick commercial structure conveniently located in walking distance from the Franklin County Courthouse and Franklin Memorial Hospital. Character defining features include metal-clad plate glass windows with transoms, stepped parapet façade and barrel vaulted interior. This building is eligible for state and federal rehabilitation tax credits and Enterprise Zone benefits.

		Old Feed Mill PENDING Location: 236 Franklin Street Property Size: .25 acres
	Former Franklin Grain and Grocery Feed Mill. Huge Wooden Timber Joists and Beams!!! 3 Roll-Up Doors with Basement. Currently Leased for Storage. Zoned CBD with town water and sewer and paved parking. Restaurant? Contact: Gary Martin 540 420-7066 Inquire online at: Walker Commercial Services

	Incentives for renovating a historic building Department of Historic Resources State and Federal Tax Credits for Historic Renovation Properties that are contributing structures in historic districts and are renovated in accordance with state and federal requirements are eligible for a 25% state tax credit and a 20% federal tax credit. Non-contributing buildings built before 1936 are eligible for a 10% federal tax credit. Credits and deductions are also available to businesses that remove barriers to accessibility, under the Americans with Disabilities Act. Contact the Roanoke Regional Preservation Office at 540.857.7586 or the Community Partnership at 540.489.3825 Town of Rocky Mount Enterprise Zone Initiatives Businesses locating in the Central Business District are eligible for the Town of Rocky Mount Enterprise Zone Program. To encourage investment and growth within the Enterprise Zone, the town offers a number of incentives, including waiver of first year business license fee, waiver of town permit fees, rehabilitation real estate tax rebate, personal property tax rebate, etc… Please contact: Town of Rocky Mount Community Development Department, 345 Donald Avenue, Rocky Mount, VA 24151 at 540-483-0907. Also you can visit www.rockymountva.org. Additional Resources: Website of Rocky Mount (www.rockymountva.org) Website of Franklin County (www.franklincountyva.org)