242 W Academy St Wendell, NC 27591

Located in the heart of Downtown Wendell, this unique property offers exceptional visibility and flexibility. The property fronts three major roads: Wendell Blvd, Marshburn Rd, and Academy St, and includes two fully renovated buildings with separate addresses, utilities, and power: 242 W Academy St and 3169 Wendell Blvd. The first building is a 2,000 sq ft restored historic home, currently operating as a successful short-term rental known as “Cottage on the Boulevard,” generating approximately $44,000 annually. While currently zoned residential, it offers the potential for commercial conversion. The second structure is a 1,632 sq ft brick office/retail building, zoned for single-tenant office or retail use. The layout includes four private office or flex spaces, a conference area, kitchen and eating area, a classroom accommodating up to 20, and storage. This building generates an additional $28,000 annually. A dedicated parking lot behind the brick building ensures uninterrupted access for both office use and short-term rental guests, who utilize the separate Academy Street driveway. The two buildings are positioned just 6–8 feet apart and cannot be subdivided or sold separately but offer significant potential to be combined into a single ±4,000 sq ft structure or utilized as two complementary income-producing assets. The brick building currently generates rental income and could easily transition to full-time office or retail occupancy. The property benefits from favorable tax treatment due to its age. Its walkable proximity to Downtown Wendell and high-traffic exposure at three key road intersections make this an exceptional opportunity for investors, business owners, or those seeking a live-work or mixed-use concept.