Downtown Retail-Office Building with
For Sale
$999,900
Pending
202 N Main Street, Fuquay Varina, NC 27526
COMMERCIAL - Fuquay Varina, NC
Property Size3,333 SF
Lot Size0.23 Acres
Days on Market331
Property Features for 202 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
DC-2
Rooms
Basement
Exterior features
Awning(s)
Basement
Finished
Standard status
Pending
APN
0656985566
Size
3,333 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L01 BRANCH BANK
Tax Annual Amount
3811
Legal Description
L01 BRANCH BANK
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
2
Flooring type
Terrazzo, Concrete
Building materials
Brick Veneer
Roof type
Flat
Listing Agency:
Century 21 Triangle Group · Century 21 Real Estate
(919) 552-4517
Listed By:
Tim Matthews · License #74333
(919) 291-1991
Added: Sep 3, 2025
Changed: Jul 28
Last Checked: Jul 30 at 6:06PM
MLS# 10119823
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
202 N. Main Street is a downtown commercial building on two parcels with a 3,333 SF footprint, featuring a primary first-floor level and a fully finished walk-down basement showroom. The interior includes two large open showroom areas, four to five private offices, one full bath with a walk-in shower, two half baths, and abundant storage. Flexible layout options support a mix of professional, commercial, and retail configurations, and select furnishings and appliances may be included in the sale.
The property is located at the northeast corner of N. Main Street (US 401) and E. Jones Street in Fuquay-Varina’s “Fuquay Springs” district, with prominent Main Street frontage, expansive display windows, and private off-street parking. It is adjacent to the Fuquay-Varina Town Hall and about one block from a planned mixed-use redevelopment project.
Zoned DC-2, the property supports a broad mix of uses including retail, office, commercial, and residential. The lower level was finished prior to 2005; the Town of FV does not have records prior to 2005 for this property.
The property is located at the northeast corner of N. Main Street (US 401) and E. Jones Street in Fuquay-Varina’s “Fuquay Springs” district, with prominent Main Street frontage, expansive display windows, and private off-street parking. It is adjacent to the Fuquay-Varina Town Hall and about one block from a planned mixed-use redevelopment project.
Zoned DC-2, the property supports a broad mix of uses including retail, office, commercial, and residential. The lower level was finished prior to 2005; the Town of FV does not have records prior to 2005 for this property.
Key Highlights
- 3,333 SF brick veneer building on two parcels with primary first floor plus fully finished walk‑down basement showroom
- Zoned DC‑2, supporting retail, office, commercial, and residential uses
- Downtown frontage at the northeast corner of N. Main Street (US 401) and E. Jones Street, with expansive display windows
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $27.00 |
| − Vacancy | −$5.5k | −$1.65 |
| EGI | $84.5k | $25.35 |
| − OpEx | −$25.3k | −$7.60 |
| NOI | $59.1k | $17.74 |
3,333 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$844.8K
$739.2K – $985.6K
NOI $59,138 @ 7.0% cap · market cap 5.91%
Second Best
Office B
$730.9K
$639.5K – $852.7K
NOI $51,163 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$951.7K
$832.7K – $1.11M
NOI $66,616 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 27526, NC
56,089
Population
22,612
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
98.2 sq mi
ZIP Area
571
Density / Sq Mi
$105,055
Median Household Income
$54,786
Median Earnings
$1,591
Median Rent
$372,300
Median Home Value
Market
Properties on Market for Retail space in Wake County
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-parcel property with expansive showroom windows, private off-street parking, and a finished walk-down basement showroom.
Where is this retail space located?
The property is located at 202 N Main Street Fuquay Varina, NC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,333 SF brick veneer building on two parcels with primary first floor plus fully finished walk‑down basement showroom; Zoned DC‑2, supporting retail, office, commercial, and residential uses; Downtown frontage at the northeast corner of N. Main Street (US 401) and E. Jones Street, with expansive display windows
