Property profile

242 W Academy St Wendell, NC 27591

FOR SALE
Single Family Residence
Property ID
US53-1763373
1,999 SF 0.45 ac lot Built 1915
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Property summary

AI-generated overview

The property is located in Downtown Wendell and fronts three major roads—Wendell Blvd, Marshburn Rd, and Academy St—with direct access via a dedicated parking lot behind the brick building. It consists of two fully renovated buildings with separate addresses, utilities, and power: 242 W Academy St and 3169 Wendell Blvd. The first building is a restored historic home of approximately 2,000 sq ft that is configured as a residence and was historically used as a short-term rental; it is currently zoned for residential use and offers potential for commercial conversion depending on applicable zoning and approvals. The second structure is a 1,632 sq ft brick office/retail building zoned for single-tenant office or retail use, featuring four private office or flex spaces, a conference area, kitchen and eating area, a classroom space accommodating up to 20 people, and storage. The parking and separate Academy Street driveway support independent access for office use and the former short-term rental use. The two buildings are positioned approximately 6–8 feet apart and are not designed for subdivision; they are configured so the combined site could potentially be treated as a single larger structure or operated as two complementary assets. The age of the property supports favorable tax treatment under applicable rules, and both buildings are in walkable proximity to Downtown Wendell and situated for high-visibility exposure at the intersections of these roadways.

Property profile

Verified
Property type Single Family Residence
Year built 1915
Total area 1,999 SF
Lot 0.45 ac (19,602 SF)
APN 1784.19-51-6659 0070
UPID US53-1763373

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

242 W Academy St Wendell, NC 27591
Wendell metro
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Value estimations

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Owner & transaction history

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