117 N Arendell Avenue,Zebulon, NC 27597
Zebulon, NC 27597
Description
Large Corner Building in downtown Zebulon at a traffic light. ATTENTION INVESTORS & DEVELOPERS! A generational opportunity to anchor Wake County's fastest-growing downtown. 117/123 N Arendell Ave offers a massive 10,000 SF historic footprint in the highly sought-after Downtown Core (DTC) of Zebulon. Built in 1920, this architectural blank slate is the ultimate adaptive-reuse play-ideal for a food hall, microbrewery, co-working hub, or multi-tenant retail. THE METRICS THAT MATTER: Priced strategically at $1,600,000 ($158/SF) in a verified hyper-growth market. Massive spread against stabilized comps. Proforma NOI: $147,250 with an 8.42% Stabilized Cap Rate. Location: Prime N Arendell Ave frontage with heavy foot traffic generators. Incentives: Eligible for Town of Zebulon Facade Grants. With 4 comparable properties analyzed, the data confirms this is a rare value-add geometry. Surrounded by thriving local businesses and just 26 mins from Raleigh, the upside is substantial. Will not last long. Inquire for the full underwriting dossier today.Some buildings simply house businesses. A rare few get to dictate the future of an entire town. Standing proudly since 1920, 117/123 N Arendell Ave isn't just a building; it is the beating heart of Zebulon's downtown renaissance. In a hyper-growth market where authentic historic architecture is rapidly disappearing, this 10,000-square-foot canvas offers an unrepeatable opportunity. Imagine the morning sun illuminating century-old exposed brick as locals gather for artisanal coffee, or the evening hum of a vibrant microbrewery echoing through soaring historic rafters. At a strategic $1,600,000, you aren't just buying real estate. You are acquiring the power to shape the culture and commerce of one of Wake County's next boomtowns. The history is written. The highly profitable next chapter is yours to author. Will you be the one to claim it?
Details
| MLS # | 10171257 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 116 |
| Listing Provided By | Insight Residential Realty LLC | Robert Terry |
Features
| SQ Feet | 15,828 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | DTC |
| Acreage | 0.15 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric, Heat Pump |
Exterior
| Exterior Features | Awning(s) |
|---|---|
| Roof | Flat, Metal, Mixed |
| Foundation Details | Block, Brick/Mortar, Permanent |
| Lot Features | City Lot, Corner Lot |
| Construction Materials | Brick, Concrete, Glass, Slump Block |
Utilities
| Utilities | Cable Available, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Underground Utilities |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 1056685 |
|---|---|
| Tax Legal Description | Lots Arendell Ave |
| Tax Year | 2025 |
Other
| Accessibility Features | Adaptable For Elevator |
|---|
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Zebulon |
| Zip Code | 27597 |
| Area | Wake |
| Listing VS Median (in 27597) | |
Price: $1,600,000 low | high Med: $418,120 sqft: 15,828 low | high Med: 2,514 $ / sqft: $101 low | high Med: $166 On site: 116 low | high Med: 61 | |
Market Activity 27597
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Zebulon |
| Zip Code | 27597 |
| Area | Wake |
| Listing VS Median (in 27597) | |
Price: $1,600,000 low | high Med: $418,120 sqft: 15,828 low | high Med: 2,514 $ / sqft: $101 low | high Med: $166 On site: 116 low | high Med: 61 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
