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    501 Gannon Ave Zebulon, NC 27597

    For Sale
    $460,000

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 5.16-acre commercial lot presents a remarkable investment opportunity in the rapidly growing town of Zebulon, North Carolina. Situated on a highly visible section of East Gannon Avenue, this property enjoys significant daily traffic volume, placing it in an ideal location for a variety of commercial ventures. Its prime location along the main thoroughfare leading to a major retailer like Walmart ensures high visibility and accessibility for potential businesses. The expansive lot size offers ample space for substantial development, catering to a wide range of commercial projects. The area is experiencing significant growth and increased traffic, making this a particularly attractive investment for developers seeking a strategic location with high potential for return. This property is poised to benefit from the ongoing expansion and development within Zebulon, offering a unique chance to establish a thriving commercial enterprise in a dynamic and promising market. The high-profile location and substantial lot size make this an exceptional opportunity for those seeking a prominent commercial presence in a rapidly evolving area. This is a rare chance to acquire a significant piece of land in a location primed for commercial success. Serious inquiries are encouraged. The asking price is $460,000.

    Property Features for 501 Gannon Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    224,770 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.30684
    Latitude
    35.8272

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Land, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 501 Gannon Ave Zebulon, NC.
    What is the asking price?
    The asking price for this property is $460,000.
    (919) 269-7439
    Request Owner's contact information
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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
    501 Gannon Ave Zebulon, NC 27597
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