For Sale
$330,000

3171 Wendell BlvdWendell, NC 27591

Mixed-use, renovated office space. High visibility.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property in historic downtown Wendell, NC offers a unique investment opportunity. The 1,632 sq ft building, formerly Todd's Train Station, boasts a prime location on three major roads (Wendell Blvd, Marshburn Rd, and Academy St), ensuring high visibility and accessibility. Fully renovated in 2016, the space features four office/desk areas, a conference table, kitchen and eating area, a classroom seating 20, and ample storage. Currently operating as a 100% occupied, single-tenant office generating $24,000 in annual NOI, this property presents a strong cash flow with a 7.27% cap rate. The building is zoned for single-unit retail and office use, offering flexibility for owner-occupancy or continued leasing. The 0.49-acre lot provides ample parking. Note that this property must be purchased with a separate, adjacent 2,000 sq ft residential building (MLS listing 10059250), currently generating approximately $45,000 annually through VRBO/Airbnb rentals. While the buildings are separately addressed and metered, they are situated close together and could be combined to create a larger 4,000 sq ft building. The property benefits from a tax reduction due to its age and is within walking distance of downtown Wendell. The asking price is $330,000.

Highlights

  • $330,000 asking price for a mixed-use, owner-user investment opportunity.
  • 1,632 square foot, Class B office building with 100% occupancy generating $24,000 annual NOI and a 7.27% cap rate.
  • Fully renovated in 2016, featuring 4 office/desk spaces, a conference room, kitchen, and classroom.
  • Located in downtown Wendell, NC on a 0.49-acre lot, with high visibility due to its location on three main roads.
  • Must be sold with an adjacent 2,000 sq ft residential building (separate MLS listing), offering potential for expansion to 4,000 sq ft or continued use as separate income-producing properties.

Property Details for 3171 Wendell Blvd

Property type
Retail properties, Office properties
Square Feet
1,632 SF
Class
B
Year Built/Renovated
1930/2016
Buildings
1
Lot Size (sq. ft)
21,344 SF
Units
1

Location Insight

City
Wendell
County
Wake
State
North Carolina
Latitude
35.7861536
Longitude
-78.3740055
3171 Wendell Blvd, Wendell, North Carolina

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3171 Wendell Blvd
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