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    120 Vance St Zebulon, NC 27597

    Sponsored
    For Sale
    $995,000

    9,017 SF Vacant Storefront/Medical Office

    Property size:
    9,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,017-square-foot commercial property, located at 120 W Vance Street in Zebulon, North Carolina, presents a unique owner-user opportunity. Situated in the heart of downtown Zebulon, a rapidly growing area, this single-story building offers versatile potential. Currently vacant, the property is in shell condition, featuring existing HVAC in approximately one-third of the space, along with an operable bathroom and readily available water. The DTC zoning allows for a wide range of uses, including child care centers, artisan studios, retail spaces, restaurants, offices, medical offices, bottle shops, co-working spaces, event venues, personal service businesses, microbreweries, and veterinary clinics. The asking price is $995,000, translating to $110.35 per square foot of land value. This prime location in a thriving downtown district offers excellent walkability and visibility, making it an ideal investment for a discerning buyer seeking a creative and adaptable space. The property's flexible zoning and ample square footage provide significant potential for a variety of businesses. This is a rare chance to acquire a substantial commercial property in a high-growth area of Wake County.

    Property Features for 120 Vance St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,017 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • ±9,017 SF building available for sale.
    • Building is delivered in shell condition.
    • Partial HVAC system installed.
    • Existing restroom and water utilities available.
    • Downtown Core zoning allows diverse uses including childcare, retail, restaurant, and more.
    • Offered at $995,000 ($110.35/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Henry's Complete Auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.3136732
    Latitude
    35.8211166

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    FAQs

    What type of property is this?
    Individual retail property - 9,017 SF Vacant Storefront/Medical Office
    Where is this individual retail property located?
    The property is located at 120 Vance St Zebulon, NC.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: ±9,017 SF building available for sale.; Building is delivered in shell condition.; Partial HVAC system installed.
    Request Owner's contact information
    120 Vance St Zebulon, NC 27597
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    Zebulon, NC 27597
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Vance St Zebulon, NC 27597
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