Downtown Retail and Office
202 N Main Street Unit 202 Fuquay Varina, NC 27526
202 N Main Street Unit 202, Fuquay Varina, NC, 27526
$999,900
For Sale
$999,900
Two-parcel property with a 3,333 SF building, showroom spaces, offices, and private off-street parking on Main Street.
Property Size3,333 SF
Price / SF$300
Days on Market422
Property Features for 202 N Main Street Unit 202
General Information
- Standard status
- Active
- Size
- 3,333 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing agency
Century 21 Triangle Group
(919) 291-1991
Listed by
Tim Matthews · License #74333
(919) 291-1991
Source
Xome
Added: May 27, 2025 Updated: Jul 22 at 4:25PM Checked: Jul 22 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Triangle Group
Investment Insights
Based on property information with market context.
202 N. Main Street is a highly visible downtown storefront and office building on two parcels at the northeast corner of N. Main Street (US 401) and E. Jones Street in Fuquay-Varina’s “Fuquay Springs” district. The property includes a primary first floor plus a fully finished walk-down basement showroom. Interior features include two large open showroom areas, four to five private offices, one full bath with a walk-in shower, two half baths, and abundant storage.
The building benefits from prominent Main Street frontage and expansive display windows, along with private off-street parking, an uncommon advantage in the downtown corridor. The business ground sign is on the adjacent property.
Flexible configurations can support a wide range of professional, commercial, and retail applications. The property is zoned DC-2 and accommodates a mix of uses including retail, office, commercial, and residential. The lower level was finished prior to 2005, and the town has no records prior to 2005 for this property. Select furnishings and appliances may be included in the sale.
The building benefits from prominent Main Street frontage and expansive display windows, along with private off-street parking, an uncommon advantage in the downtown corridor. The business ground sign is on the adjacent property.
Flexible configurations can support a wide range of professional, commercial, and retail applications. The property is zoned DC-2 and accommodates a mix of uses including retail, office, commercial, and residential. The lower level was finished prior to 2005, and the town has no records prior to 2005 for this property. Select furnishings and appliances may be included in the sale.
Key Highlights
- 2‑parcel downtown property with a 3,333 SF building
- Zoned DC‑2 and supports a broad mix of uses including retail, office, commercial, and residential
- Two large open showroom areas plus 4–5 private offices, full bath with walk‑in shower, and two half baths
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rainbow Home Interiors
Carpet & Flooring Store
Similar For Sale Nearby
Similar Off Market Nearby
- JJ's Flowers — 112 W Vance St, Fuquay-Varina, NC 27526
- Flowers On Broad Street — 517 Broad St, Fuquay-Varina, NC 27526
FAQs
What type of property is this?
Storefront property - Two-parcel property with a 3,333 SF building, showroom spaces, offices, and private off-street parking on Main Street.
Where is this storefront property located?
The property is located at 202 N Main Street Unit 202 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: 2‑parcel downtown property with a 3,333 SF building; Zoned DC‑2 and supports a broad mix of uses including retail, office, commercial, and residential; Two large open showroom areas plus 4–5 private offices, full bath with walk‑in shower, and two half baths
