3171 Wendell BlvdWendell, NC 27591

Property Details for 3171 Wendell Blvd

Year built

1930

Lot size

0.49 AC

Property size (Sq ft)

1,632 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Wendell

County

Wake

State

North Carolina

Latitude

35.7862

Longitude

-78.374

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