2451 Wendell Blvd Wendell, NC 27591
- Retail space
- 14,301 SF
- 4.59 lot acres
Current Use by Public Records
- Retail space
Property Details for 2451 Wendell Blvd
- Year built
- 2007
- Construction
- BRICK
- Lot size
- 4.59 lot acres
- Property size
- 14,301 SF
- Zone code
- CH
- Property type
- Retail space
- APN
- 1784.01-16-5487 0114187
- APU
- 1784011654870114187
Description
This exceptional 2.9-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Wendell, North Carolina. Located at 2451 Wendell Blvd, this property boasts significant frontage along Business 64/Wendell Boulevard, offering unparalleled visibility and accessibility. Its strategic position between Interstate 87 and downtown Wendell ensures high traffic volume and convenient access to a growing community. The property is zoned CH - Town of Wendell, and is particularly attractive due to its proximity to the future Wake Tech Wendell Campus, less than two miles away. The site is already partially developed, featuring a graded and pad-ready area, along with a partially completed parking lot. Some bioretention is already in place, and importantly, no further road improvements are required as the Fee in Lieu has been paid. The property is subject to subdivision, offering flexibility for various development scenarios. A site plan is available, highlighting potential uses such as a daycare center. This turnkey opportunity combines a desirable location, existing infrastructure, and development-ready features, making it an ideal investment for discerning buyers seeking a high-impact commercial project in a rapidly expanding market. The APN is 1784165487.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $540,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $500,000
- Mixed-Use
- $460,000
- Hospitality
- $510,000
- Educational
- $505,000
- Residential Income
- $490,000
- Energy
- $490,000
- Income-Based Land
- $560,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Wendell
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3868
- Latitude
- 35.7994
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA