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242 W Academy Street

Wendell, NC 27591
  • $950,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 10028458
UPDATED: 90 min ago
$950,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,632
    SQFT
  • $262
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1915
County:
Area:

School Ratings & Info

Triangle MLS logoListing courtesy of NorthGroup Real Estate, Inc.: .
© 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.

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.

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Triangle MLS logo©2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 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. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2024-05-19T16:51:37.023.
www.nccoastalproperty.com/homes/150394115
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242 W Academy Street Wendell, NC 27591

  • Price: $950,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 90 min ago
  • MLS #: 10028458
0
Beds
0
Baths
0
½ Baths
0.49
Acres
3,632
SQFT
$262
$/SQFT
1915
Built
Neighborhood:
Not In A Subdivision
County:
Wake
Area:
Wendell
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.
Exterior Features

Construction Materials Vinyl Siding Exterior Features Private Yard Fencing Chain Link Foundation Details Brick/Mortar Pool Private YN No Waterfront YN No

Interior Features

Appliances DishwasherDryer Cooling Central AirGas Cooling YN Yes Flooring CarpetHardwoodTile

Property Features

Accessibility Features Accessible DoorsAccessible Hallway(s)Common Area Lease Term Negotiable New Construction YN No Property Sub Type Mixed Use Sale Rent For Sale Special Listing Conditions Seller Licensed Real Estate Professional Tax Annual Amount 2274 Zoning MIXED



Triangle MLS logo©2024 Triangle MLS, Inc. of North Carolina. All rights reserved. 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. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2024-05-19T16:51:37.023.
 
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The Legacy Team | Intracoastal Realty
119 Causeway Drive
Ocean Isle Beach NC, 28469
Triangle MLS logoListing courtesy of NorthGroup Real Estate, Inc.: .
© 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.