$895,000
 $5,082 forsale estimated payment Sourced by Back At You

242 W Academy Street , Wendell, NC 27591

Wendell, NC 27591

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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.

Details

Mls10030631
Listing TypeFor Lease
StyleFrmrnch
StatusActive
Year1915
Days On Site208
Listing Provided ByNorthGroup Real Estate, Inc. | Amanda G Rivera

Features

Beds3
Baths 3 Total
Sq Feet2,031
ZoningMIXED USE
Acreage0.49
Property ViewYes

Market Activity 27591

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Listings Checked: 4 minutes ago
StateNC
CountyWake
CityWendell
Zip Code27591
AreaWake
Community NameNot in a Subdivision
School DistrictWake - East Wake
Elementary SchoolWake - Wendell
Middle SchoolWake - Wendell
High SchoolWake - East Wake
Listing VS Median (in Not in a Subdivision)
Price:
$895,000
low | high
Med:
$325,000
100% of Average
SqFt:
2,031
low | high
Med:
2,116
45.814869522403% of Average
$ / SqFt:
$441
low | high
Med:
$155
100% of Average
On Site:
208
low | high
Med:
82.000000
100% of Average
Sourced by Back At You
Listing Updated: November 23, 2024 at 3:22:15 AM PST