This exceptional mixed-use investment opportunity in downtown Wendell, NC, presents two buildings on a 0.49-acre lot, totaling 2,031 square feet. The first building, a fully renovated 2,000 sq ft historic home, boasts a five-year history as a highly successful VRBO rental, generating approximately $42,000 in annual NOI. The second building, a 1,632 sq ft renovated office/retail space, offers four office areas, a conference room, kitchen, classroom, and storage. Both buildings are situated on three prominent roads (Wendell Blvd, Marshburn Rd, and Academy St), providing excellent visibility and accessibility. Currently operating at 100% occupancy since October 1, 2018, this property offers a compelling 7.06% cap rate. The buildings, separated by only 6-8 feet, are sold together and could be easily combined to create a larger 4,000 sq ft building. Built in 1915 and renovated in 2016, the property benefits from a tax reduction due to its age. Zoned RES and COMM, it offers flexibility for various uses. The property is conveniently located within walking distance of downtown Wendell. Showings require coordination due to the property's popularity as a vacation rental. The asking price is $595,000.
Highlights
$595,000 asking price for a mixed-use, multifamily, retail investment property.
7.06% cap rate with a $42,000 annual NOI.
100% occupancy since October 1, 2018.
Two buildings totaling 2,031 square feet on a 0.49-acre lot in downtown Wendell, NC.
Includes a fully renovated historic home (2,000 sq ft) and a renovated office/retail building (1,632 sq ft).
Property is zoned RES and COMM, offering flexibility for various uses.
Property Details
for 3169 Wendell Blvd
Property type
Retail properties, Mixed-use properties
Square Feet
2,031 SF
Class
A
Year Built/Renovated
1915/2016
Buildings
2
Stories
1
Lot Size (sq. ft)
21,344 SF
Units
2
Location Insight
City
Wendell
County
Wake
State
North Carolina
Latitude
35.7863862
Longitude
-78.3740448
3169 Wendell Blvd, Wendell, North Carolina
Nearby Similar for Sale
For Sale
$330,000
Downtown Wendell Office Building
Mixed-use, renovated office space. High visibility.
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Contacts
Amanda Graves Rivera
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Useful Information
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3169 Wendell Blvd, Wendell, North Carolina, 27591
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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3169 Wendell Blvd
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