ROANOKE RAPIDS, N.C. – July 26, 2016 – Ten-X, the nation’s leading online real estate transaction marketplace, will feature the Roanoke Rapids Theatre for sale on the Ten-X Commercial platform in an online Live Bid event Aug. 8-10. Ten-X is teaming with S.L. Nusbaum Realty Co., to market and sell the asset, which was developed by Dolly Parton’s brother, Randy Parton, and has hosted live performances from artists such as Travis Tritt and Clint Black.
Located just off I-95 in the North Carolina town situated between Richmond, Va., and Raleigh, N.C., Roanoke Rapids Theatre was developed to host live concerts in 2006 and features a 1,500-seat capacity performance theatre with state-of-the-art sound and lighting systems. It includes six private suites, high-end furniture, fixtures and equipment. The 47,884-square-foot property sits on 8.8 acres at 500 Carolina Crossroads Pkwy.
“Roanoke Rapids Theatre is a unique specialty asset with value-add potential available to investors across the country on the Ten-X Commercial platform,” said Gordon Smith, general manager of the Ten-X commercial real estate division. “There is a lot of upside with this type of property, which was developed by a family with obvious pedigree when it comes to live music performance venues. It is a very exciting asset and proof of the wide variety of market sectors Ten-X offers investors and brokers alike.”
Roanoke Rapids Theatre does not have a long-term tenant in place, providing value-add capabilities in the form of long-term lease-ups or an operator. It currently is being operated by the city of Roanoke Rapids.
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Ten-X is the nation’s leading online real estate transaction marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling nearly $39 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.