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    306 Wait Ave Wake Forest, NC 27587

    Sponsored
    For Sale
    $750,000

    COMMERCIAL - Wake Forest, NC

    Property size:
    1,482 SF
    Lot size:
    0.39 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 11 at 2:06 am

    Property Features for 306 Wait Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RA HC
    APN
    184119517222000 0062011
    Size
    1,482 SF
    Lot size
    0.39 Acres

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Brick

    RE/MAX Legacy (919) 819-4039 [email protected]

    Listing agent Mike Ponsolle (919) 819-4039

    Listing date Dec 19, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wake Forest Commercial Property

    This commercial property is situated in downtown Wake Forest. The 0.39-acre corner parcel includes a 1,482 square foot commercial structure. The property is suitable for retail, restaurant, office, or mixed-use redevelopment. The current business could be purchased to continue serving the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lumpy's Ice Cream Ice Cream Shop Eddie's Outback Ice Cream Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.507494
    Latitude
    35.977975

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    FAQs

    What type of property is this?
    Retail space - Commercial property in the heart of Wake Forest.
    Where is this retail space located?
    The property is located at 306 Wait Ave Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime Downtown Wake Forest Location; - 0.39-acre Corner Parcel; - 1,482 sq ft Commercial Structure features brick construction
    (919) 819-4039
    Request Owner's contact information
    306 Wait Ave Wake Forest, NC 27587
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    Wake Forest, NC 27587
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Wait Ave Wake Forest, NC 27587
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