Broad Street newsletter for sale, but newspaper business continues uninterrupted | Local News
The building, located at 204 Broad Street, was constructed in 1948 and the equipment inside was sold to BH Media Group Holdings Inc. in 2015 for $ 804,200. The estimated value in 2018 was $ 471,400, but the most recent appraisal in 2020 shows the property is valued at $ 549,600, according to the Martinsville-Henry County Geographic Information System.
“This building is in a good location,” said Martinsville City Manager Leon Towarnicki. “There is a four-lane road in front of it, a loading dock space, it could be adapted to a variety of uses, from light industry to light commercial.”
Among the possibilities he mentioned is a microbrewery.
“It is interesting that we have seen an increase in building inquiries over the past six months and that craft breweries have been mentioned,” Towarnicki said. “There is a lot of parking space in the back … there is definitely potential for reuse which would add employment to the community.”
BH Media and Lee have sold or are in the process of selling several newspaper buildings that are much larger than needed, including those in Roanoke, Greensboro, NC, and now Rocky Mount. This is part of a national trend, as newspapers of all sizes have consolidated oversized facilities and implemented decentralized processes due to the COVID-19 pandemic.
BH Media Group is also selling the building that houses the Franklin News-Post offices at 310 South Main Street in Rocky Mount.