106 Horton StZebulon, NC 27597

Property Details for 106 Horton St

Year built

1914

Lot size

0.69 AC

Property size (Sq ft)

5,276 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fully leased, two-story retail and office building located at 106 W Horton St, Zebulon, NC 27597. The property, built in 1914, encompasses 5,276 square feet on a 0.69-acre lot and is zoned CX. Currently boasting 100% occupancy with four tenants, each occupying 1,184 square feet, the building offers a strong net operating income (NOI) of $65,864, resulting in a 7.33% cap rate. The asking price is $899,000, translating to $170.39 per square foot. Situated in a high-traffic area with excellent frontage and visibility, this property benefits from its proximity to major employers including GlaxoSmithKline, Walmart Supercenter, Siemens Energy, and US Foods. Its convenient location, within 25 minutes of Downtown Raleigh and Research Triangle Park, and its accessibility via US-64/264, make it an attractive investment for discerning buyers. The building's multi-tenant structure provides diversification and stability, while the strong occupancy rate ensures immediate cash flow. This prime mixed-use property offers a compelling combination of location, income, and growth potential.

Location Insight

City

Zebulon

County

Wake

State

North Carolina

Latitude

35.8219

Longitude

-78.3138

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