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Miguel Fragoso

miguel.fragoso@exprealty.com +1(919) 939-0838

Listed by Insight Residential Realty LLC

$ 1,600,000

Est. payment -/mo

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117 N Arendell AVE Zebulon, NC 27597

15,828 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 15,828 sqft

Price per Sqft $101

MLS Listing ID 10171257

HOA Y/N No

Year Built 1910

Annual Tax Amount $11,601

Lot Size 0.363 Acres

Acres 0.15

Lot Dimensions 100x100

Property Sub-Type Retail

Source Doorify MLS

Land Area 15828

Property 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?

Location

State NC

County Wake

Area 0.15

Zoning DTC

Rooms

Basement Unfinished, Sump Pump

Interior

Cooling Central Air, Electric, Heat Pump

Flooring Concrete, Hardwood, Simulated Wood

Fireplace No

Exterior

Exterior Feature Awning(s)

Utilities Available Cable Available, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Underground Utilities

Roof Type Flat, Mixed, Metal

Garage No

Building

Lot Description City Lot, Corner Lot

Foundation Block, Brick/Mortar, Permanent

Water Public

New Construction No

Others

Tax ID 270514345763000 0017616

Acceptable Financing Cash, Conventional, Other, Seller Equity Share, Contract, 1031 Exchange

Listing Terms Cash, Conventional, Other, Seller Equity Share, Contract, 1031 Exchange

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Miguel Fragoso

117 N Arendell AVE Zebulon, NC 27597

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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117 N Arendell AVE