523 Main StFuquay-Varina, NC 27526

Property Details for 523 Main St

Year built

1927

Construction

BRICK

Lot size

0.54 AC

Property size (Sq ft)

1,632 SF

Zone code

DC-2

Property type

Investment properties

Property subtype

Live-work space

APN

0667.17-00-2296 0061482

APU

667170022960061482

Description

This exceptional 1,632 square foot freestanding retail building is situated on a 0.54-acre lot at 523 N Main St, Fuquay-Varina, NC 27526. Currently operating as a daycare center under a month-to-month lease, this property presents a fantastic owner-occupant opportunity or significant redevelopment potential. The building enjoys excellent visibility due to its prime frontage along N Main Street and is conveniently located less than half a mile from downtown Fuquay-Varina. Zoned CD-2, the property offers versatility for a wide range of commercial uses. The asking price is $449,000, translating to $275.12 per square foot. This is a single-building property in Wake County, offering a compelling investment prospect in a thriving North Carolina community. The property's size and zoning provide considerable flexibility for future development or continued operation as a daycare. Its location ensures high visibility and accessibility, making it an attractive option for both investors and business owners. Don't miss this chance to acquire a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $411,100

  6.5%

  $379,477

  7%

  $352,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,824

  Geo Method

  $374,609

• Alternative Use

  Use

  Valuation

  Residential

  $470,551

  Hospitality

  $431,022

  Educational

  $358,605

  Medical

  $370,938

  Retail

  $557,831

Location Insight

City

Fuquay Varina

County

Wake

State

North Carolina

Latitude

35.5915

Longitude

-78.7972

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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