120 Vance St Zebulon, NC 27597
- Warehouses
- 9,017 SF
- 0.23 lot acres
Current Use by Public Records
- Henry's Complete Auto Repair Llc / Auto Repair Shop
Property Details for 120 Vance St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.23 lot acres
- Property size
- 9,017 SF
- Zone code
- DTC
- Property type
- Warehouses
- APN
- 2705.14-34-4448 0027708
- APU
- 2705143444480027708
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $945,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $705,000
- 6.5%
- $690,000
- 7%
- $705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $715,000
- Geo Method
- $715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $605,000
- Mixed-Use
- $810,000
- Hospitality
- $615,000
- Educational
- $695,000
- Residential Income
- $795,000
- Energy
- $580,000
- Income-Based Land
- $715,000
- Food Service
- $715,000
Location Insight
- Map
- Local Demand
- City
- Zebulon
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3137
- Latitude
- 35.8211
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA