201 Main StFuquay-Varina, NC 27526

Property Details for 201 Main St

Year built

1910

Construction

BRICK

Lot size

0.10 AC

Property size (Sq ft)

6,088 SF

Zone code

DC-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0656.12-97-6023 0023817

APU

656129760230023817

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant storefront at 201 S Main St, Fuquay-Varina, NC 27526. The property boasts 6,000-6,200 square feet of retail space, distributed across eight units within a two-story, 1908-built building. Seven units currently have active leases, ensuring a strong, immediate return on investment. One unit is owner-occupied. The building enjoys a highly desirable location in the thriving downtown area, close to numerous restaurants and shops, maximizing its appeal to a wide range of businesses. Conveniently situated on Main Street, the property benefits from the immediate proximity of town parking, enhancing accessibility for both tenants and customers. Furthermore, the building offers three direct street accesses for its units, providing excellent visibility and convenient ingress/egress. This property presents a rare opportunity to acquire a well-established, high-occupancy retail building in a prime downtown location with significant potential for future growth and development. The building's historical charm combined with its modern functionality makes it an attractive investment for both seasoned investors and newcomers to the commercial real estate market. The property's strong tenant base and central location make it an ideal investment for those seeking a stable and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,900,132

  6.5%

  $1,753,968

  7%

  $1,628,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,344,664

  Geo Method

  $2,166,031

• Alternative Use

  Use

  Valuation

  Residential

  $1,753,968

  Hospitality

  $1,606,626

  Educational

  $1,336,694

  Medical

  $1,382,665

  Retail

  $2,079,301

Location Insight

City

Fuquay Varina

County

Wake

State

North Carolina

Latitude

35.5826

Longitude

-78.7995

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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