106 Horton St Zebulon, NC 27597
- Retail properties
- 5,276 SF
- 0.69 lot acres
Current Use by Public Records
- WeLuxture Wellness / Hair Salon
- Zebulon Birth and Wellness / Doula / Service Establishment
- The Piano Room / Piano Bar
- IGLAM NAILS & BEAUTY BAR / Nail Salon
Property Details for 106 Horton St
- Year built
- 1914
- Lot size
- 0.69 lot acres
- Property size
- 5,276 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fully leased, two-story retail and office building located at 106 W Horton St, Zebulon, NC 27597. The property, built in 1914, encompasses 5,276 square feet on a 0.69-acre lot and is zoned CX. Currently boasting 100% occupancy with four tenants, each occupying 1,184 square feet, the building offers a strong net operating income (NOI) of $65,864, resulting in a 7.33% cap rate. The asking price is $899,000, translating to $170.39 per square foot. Situated in a high-traffic area with excellent frontage and visibility, this property benefits from its proximity to major employers including GlaxoSmithKline, Walmart Supercenter, Siemens Energy, and US Foods. Its convenient location, within 25 minutes of Downtown Raleigh and Research Triangle Park, and its accessibility via US-64/264, make it an attractive investment for discerning buyers. The building's multi-tenant structure provides diversification and stability, while the strong occupancy rate ensures immediate cash flow. This prime mixed-use property offers a compelling combination of location, income, and growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zebulon
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3138
- Latitude
- 35.8219
