108 Arendell AveZebulon, NC 27597

Property Details for 108 Arendell Ave

Year built

1920

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

2,521 SF

Zone code

DTC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

2705.14-34-7686 0038845

APU

2705143476860038845

Description

This exceptional 1,108 square-foot commercial property, located at 108 N Arendell Avenue in Downtown Zebulon, North Carolina, presents a unique opportunity for businesses seeking a prime location in a thriving community. Built in 1920, this single-tenant building boasts historic architectural features, offering a blend of character and modern functionality. The property is situated on a 0.04-acre lot and features a two-story structure, currently offering 1,108 square feet of vacant space on the first floor. The flexible layout is adaptable to various uses, including traditional office, executive office, coworking, medical office, and creative office spaces, as well as retail uses, thanks to its DTC (Downtown Core) zoning. Located in the heart of Downtown Zebulon, a rapidly growing suburb of the Raleigh-Durham area, this property benefits from high visibility and foot traffic, providing excellent access to local amenities, including shops and restaurants. The affordable monthly rental rate of $2,500 makes this an attractive investment opportunity for businesses looking to establish themselves in a vibrant and expanding market. The property's historic charm and versatile space offer a competitive edge in attracting and retaining customers, making it an ideal choice for businesses seeking a unique and strategically located space. This is a rare opportunity to be part of Zebulon's exciting growth and revitalization.

• CAP approach

  CAP return

  Valuation

  6%

  $611,075

  6.5%

  $564,070

  7%

  $523,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $667,363

  Geo Method

  $578,670

• Alternative Use

  Use

  Valuation

  Residential

  $699,446

  Hospitality

  $640,689

  Educational

  $533,046

  Medical

  $551,378

  Retail

  $829,182

Location Insight

City

Zebulon

County

Wake

State

North Carolina

Latitude

35.8216

Longitude

-78.3126

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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