Commercial Land with Existing
355 Main Street, Bunn, NC 27508
New
- Added:
- Jun 11, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 355 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R2 Medium
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Laundry Room
- Security features
- Security
- Interior features
- Double Vanity, Entrance Foyer, Pantry, Soaking Tub, Walk-In Shower
- Exterior features
- Fenced Yard, Lighting, Rain Gutters
- Fencing
- Fenced
- Basement
- Crawl Space, Finished
- Appliances
- Dishwasher, Microwave, Oven, Refrigerator, Vented Exhaust Fan, Washer/Dryer, Water Heater
- Standard status
- Pending
- APN
- 000585
- Size
- 2,731 SF
- Lot size
- 1.32 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LOT: 1 TP: DUNN
- Tax Annual Amount
- 3381
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Ductless (Heating)
- Cooling system
- Ductless, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Flooring type
- Wood, Vinyl
- Building materials
- Wood Siding
- Roof type
- Metal, Shingle
Listing agent Ally Leggett (919) 255-5370
Listing office Parrish Realty Company of Zebu 614 N Arendell Ave., Zebulon, NC (919) 269-7439
Listing date Jun 11, 2026
MLS# 10173306
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.
HighLights
- Approximately 1.3‑acre property in a C‑1 Commercial District with frontage on Main Street
- Includes a 1915 residence that may serve as office, retail, mixed‑use, or for redevelopment (subject to zoning and approvals)
- Potential additional ADU on the property for additional retail or income possibilities
- Home features double vanity, pantry, soaking tub, and walk‑in shower; includes washer/dryer and kitchen appliances
- Exterior includes fenced yard, lighting, and rain gutters; wood siding with shingle and metal roofing
- Utilities: public water and public sewer
Overview
The property is 1.32 acres of commercial land with frontage on Main Street and an existing 1915 residence on site. The home could be used as office or converted to support retail, mixed-use, or redevelopment scenarios, subject to applicable local zoning and approvals. An additional ADU is also located on the property, providing extra flexibility for income-producing space or complementary development.
The site is located at 355 Main Street in Bunn, North Carolina (Franklin County). Per the information provided, the property sits in the heart of town with walkability to local businesses, dining, retail, and community attractions.
For buyers, investors, and operators seeking a small site with multiple on-site structures, this layout can support mixed-use concepts that incorporate existing improvements while allowing room for future adaptation. The acreage size may also appeal to businesses looking for more than a typical small lot, with the practical advantage of Main Street frontage for visibility and customer access, subject to final development planning and permitting.
The site is located at 355 Main Street in Bunn, North Carolina (Franklin County). Per the information provided, the property sits in the heart of town with walkability to local businesses, dining, retail, and community attractions.
For buyers, investors, and operators seeking a small site with multiple on-site structures, this layout can support mixed-use concepts that incorporate existing improvements while allowing room for future adaptation. The acreage size may also appeal to businesses looking for more than a typical small lot, with the practical advantage of Main Street frontage for visibility and customer access, subject to final development planning and permitting.
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 | $73.7k | $27.00 |
| − Vacancy | −$4.5k | −$1.65 |
| EGI | $69.2k | $25.35 |
| − OpEx | −$20.8k | −$7.60 |
| NOI | $48.5k | $17.74 |
2,731 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 6.73%
Second Best
Office B
$598.9K
$524.0K – $698.7K
NOI $41,922 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$779.8K
$682.3K – $909.7K
NOI $54,584 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Bunn
- County
- Franklin
- State
- North Carolina
- Longitude
- -78.251543
- Latitude
- 35.959607
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Zoned R2 Medium commercial land offering frontage on Main Street and an on-site 1915 residence plus an ADU.
Where is this commercial land located?
The property is located at 355 Main Street Bunn, NC.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Approximately 1.3‑acre property in a C‑1 Commercial District with frontage on Main Street; Includes a 1915 residence that may serve as office, retail, mixed‑use, or for redevelopment (subject to zoning and approvals); Potential additional ADU on the property for additional retail or income possibilities
