For Sale
$595,000

3169 Wendell BlvdWendell, NC 27591

Historic Charm, High ROI, Two Buildings

Overview

Added:
Dec 11, 2024
Days on market:
116
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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3169 Wendell Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message