242 W Academy Street, Wendell, NC 27591 – 10028458

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The Coley Group

[email protected] +1(919) 868-3570

Listed by NorthGroup Real Estate, Inc.

$ 895,000

Est. payment -/mo

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242 W Academy Street Wendell, NC 27591

3,632 SqFt

UPDATED:

10/20/2024 10:16 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,632 sqft

Price per Sqft $246

Subdivision Not In A Subdivision

MLS Listing ID 10028458

Abv Grd Liv Area 3,632

Originating Board Triangle MLS

Year Built 1915

Annual Tax Amount $2,274

Lot Size 0.490 Acres

Acres 0.49

Property Description

Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but could be used or rented out as a full time retail or office building. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental. Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but could be used or rented out as a full time retail or office building. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental.

Location

State NC

County Wake

Zoning MIXED

Direction From 264 or 87 Take Wendell Blvd to corner of Academy and Wendell Blvd. On the corner of Wendell Blvd and Marshburn Rd also.

Interior

Cooling Central Air, Gas

Flooring Carpet, Hardwood, Tile

Appliance Dishwasher, Dryer

Exterior

Exterior Feature Private Yard

Fence Chain Link

Waterfront No

Handicap Access Accessible Doors, Accessible Hallway(s), Common Area

Private Pool No

Building

Faces From 264 or 87 Take Wendell Blvd to corner of Academy and Wendell Blvd. On the corner of Wendell Blvd and Marshburn Rd also.

Story 1

Foundation Brick/Mortar

Level or Stories 1

Structure Type Vinyl Siding

New Construction No

Others

Tax ID 0070924

Special Listing Condition Seller Licensed Real Estate Professional

The Coley Group

Client Coordinator

+1(919) 868-3570

The Coley Group

242 W Academy Street Wendell, NC 27591

Key Details

Location

Interior

Exterior

Building

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242 W Academy Street