242 W Academy St Wendell, NC 27591
Unique property with residential and commercial potential in downtown Wendell.
Property size:
3,632 SFLot size:
0.45 AcresProperty Features for 242 W Academy St
General Information
- Standard status
- Contract
- Size
- 3,632 SF
- Lot size
- 0.45 Acres
Building Details
- Year built
- 1915
Source:
Corcoran
Listing Agency: Five County Realty Listing Agent: Amanda Rivera
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Wendell Income-Generating Property
This unique property in Downtown Wendell fronts Wendell Blvd, Marshburn Rd, and Academy St. It comprises two buildings with separate addresses: 242 W Academy and 3169 Wendell Blvd, each with separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently operating as a VRBO rental known as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property generates approximately $45,000 annually. While currently zoned residential, it can be converted to commercial use. The second building, zoned for office or retail as a single-tenant building, is 1632 sq ft. This building has also been fully renovated and includes 4 office/deck spaces, a conference table, a kitchen and eating area, a classroom that seats 20, and storage. The parking lot is situated behind the brick building, ensuring it does not interfere with parking for the rental house or guests using the Academy St driveway. The two buildings are separated by only 6-8 feet, preventing them from being divided or sold separately. They could be combined to create a 4000 sq ft building or used as they are. The brick building currently generates rental revenue but could be used or rented out as a full-time retail or office building. The property benefits from a tax reduction due to its age and is within walking distance of downtown Wendell, offering high visibility due to its location on three main road interchanges. The total property size is 3632 square feet.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Wendell
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3740104
- Latitude
- 35.7863224
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Unique property with residential and commercial potential in downtown Wendell.
Where is this short term rental property located?
The property is located at 242 W Academy St Wendell, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: - High income-generating property earning approximately $45k annually with a 5-year successful VRBO/Airbnb track record.; - Two fully renovated buildings with separate utilities and addresses, offering flexibility for residential, commercial, or combined use.; - Prime location with high visibility, fronting three main roads and within walking distance of downtown Wendell.
