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    709 Gannon Ave Zebulon, NC 27597

    Sponsored
    For Sale
    $7,500,000

    Prime Commercial Land Near Walmart

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 34.2-acre commercial land parcel presents a remarkable investment opportunity in the thriving Zebulon, North Carolina market. Strategically located adjacent to a Walmart Superstore, this property boasts over 1400 feet of road frontage on Gannon Avenue (NC Highway 97), providing excellent visibility and accessibility. Its convenient location offers easy access to Highway 264, placing it within a short distance of both the Zebulon Mudcats Stadium (approximately 1.5 miles) and a newly acquired Wake County School system site (approximately 1.3 miles). The property is zoned HC, allowing for a variety of commercial uses, and the seller is open to subdividing the land into parcels of at least 10 acres. This flexibility makes it ideal for a range of development projects, potentially including mixed-use developments. To facilitate a smooth transaction, a Buffer Determination letter from the state of North Carolina and a Phase 1 Environmental Site Assessment are readily available upon request. The asking price for this expansive and well-positioned property is $7,500,000. The property's APN is 2705774662. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area with excellent infrastructure and strong retail presence. Don't miss this chance to secure a prime location for your next venture.

    Property Features for 709 Gannon Ave

    General Information

    Property type
    Land
    Lot Size
    1,489,752 SF

    HighLights

    • $7,500,000 asking price.
    • 34.2‑acre commercial land parcel.
    • HC zoning.
    • Located in Zebulon, NC, Wake County (APN: 2705774662).
    • Adjacent to a Walmart Supercenter, with over 1400 feet of road frontage on Gannon Ave (NC 97 Hwy), near I‑264.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Direct Service ... Auto Repair Shop Auto Direct Sales Car Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Zebulon
    County
    Wake
    State
    North Carolina
    Longitude
    -78.300094
    Latitude
    35.829678

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      High-Profile Zebulon Commercial Lot

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Walmart
    Where is this land located?
    The property is located at 709 Gannon Ave Zebulon, NC.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: $7,500,000 asking price.; 34.2-acre commercial land parcel.; HC zoning.
    Request Owner's contact information
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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
    709 Gannon Ave Zebulon, NC 27597
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