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    Property profile & analytics
    OFF-MARKET Estimated value $830,000
    Warehouses

    120 Vance St, Zebulon, NC 27597-2844

    9,017 SF 0.23 ac lot Built 1900
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-0184089
    Property summary
    AI-generated overview

    This unique 9,000 square foot retail building at 120 W Vance Street in Zebulon, NC, presents a remarkable investment opportunity. Situated on a 0.23-acre lot, this property boasts a rich history as the former stables for the Town of Zebulon. Its character is undeniable, featuring exposed brick walls, high open timber-frame ceilings, and slab floors, creating a captivating atmosphere. The building offers a blend of finished and unfinished space, providing flexibility for a variety of uses. Approximately half the building is already equipped with flooring, HVAC, and bathrooms, making it ideal for immediate occupancy. The other half offers ample warehouse or storage space. Convenient grade-level drive-in doors are located at either end of the building, facilitating easy loading and unloading. Public parking is readily available within 100 feet, supplemented by ample free diagonal street parking. The property's location and unique features make it exceptionally well-suited for a brewery/pub, event space, entertainment venue, or any business requiring a combination of finished office/retail space and warehouse capabilities. The asking price is $6,000,000. This is a rare chance to acquire a historic building with significant potential in a thriving community.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1900
    Construction BRICK
    Total area 9,017 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code DTC
    APN 2705.14-34-4448 0027708
    UPID US53-0184089
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Henry's Complete Auto Repair Llc Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $870k
    CAP Approach CAP
    $1.08M
    Comparable Approach Comparable
    $644k
    Blend (final) Blend
    $830k
    Owner & transaction history
    Pmt Investments LLC · 4 yrs held
    Pmt Investments LLC
    since 2022
    Last sale
    $720,000
    7 recorded transactions
    2022
    $699,000
    2022
    $720,000
    2006
    $176,000
    2003
    2002
    $138,000
    1969
    1969
    Zoning & alternative use
    DTC · Zebulon, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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