202 Arendell AveZebulon, NC 27597

Property Details for 202 Arendell Ave

Year built

1950

Construction

CONCRETE BLOCKS

Lot size

0.17 AC

Property size (Sq ft)

6,110 SF

Zone code

DTC

Property type

Retail space

APN

2705.10-35-6011 0030205

APU

2705103560110030205

Description

This exceptional 3,666 square foot retail storefront at 202 N. Arendell Ave., Zebulon, NC 27597, presents a unique investment opportunity. Situated in the heart of Downtown Zebulon, this single-tenant property boasts excellent visibility and high traffic counts, averaging 7,100 vehicles per day (VPD). The building, a single-story structure on a 0.17-acre lot, offers convenient street parking and access to an adjacent parking lot. Inside, the space includes two private bathrooms, catering to the needs of a variety of businesses. Its ideal for boutique retailers, specialty shops, or service-oriented businesses seeking a prominent location. The property's central location within a thriving commercial district, surrounded by complementary businesses, restaurants, and shops, ensures strong foot traffic and a vibrant atmosphere. The lease is a NNN lease. This property is located near the intersection of N. Arendell Ave. and Horton St. in Wake County. Don't miss this chance to secure a prime retail space in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,177,110

  6.5%

  $2,009,640

  7%

  $1,866,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,075,970

  Geo Method

  $3,534,273

• Alternative Use

  Use

  Valuation

  Residential

  $1,695,207

  Hospitality

  $1,552,800

  Educational

  $1,291,912

  Medical

  $1,336,342

  Retail

  $2,009,640

Location Insight

City

Zebulon

County

Wake

State

North Carolina

Latitude

35.8226

Longitude

-78.3131

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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