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The Community Partnership provides building listings for property owners and businesses that are supporting members.
Featured Buildings:
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 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.
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N. Morris Building
SOLD
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
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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.
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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
FCBD, Inc., Franklin County Business Development, Inc.
The Franklin County Business Development Program is designed to assist individual entrepreneurs with developing successful small businesses. The program provides assistance with preparation with a business plan, loan applications, and ongoing business support. To be eligible for a loan, the applicant’s business must be located in Franklin County and participate in the business development courses. Contact Charlie Skala at 540.483.9292.
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 the following incentives: fee waivers for water and sewer hookup, low interest loans as available through area banks for residential rehabilitation, rehabilitated real state abatement, personal property tax rebate, and business license rebates. Contact Eric Underwood in the Town of Rocky Mount Community Development Office at 540.483.7660.
The Longwood Small Business Development Center
The Longwood Small Business Development Center provides assistance and training to help small business owners and potential owners make sound decisions for the successful operation of their business. Part of a statewide network, the Longwood SBDC serves twenty counties and six cities in South-Central Virginia. The Longwood SBDC offers individual, one-on-one, confidential counseling and sponsors workshops, conferences and courses at various locations in its service area. Contact Tim Berry at 540.632.4462.
Additional Resources:
Virginia Department of Business Assistance
(www.dba.state.va.us)
Website of Franklin County
(www.franklincountyva.org)
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