2451 Wendell Blvd Wendell, NC 27591-6903
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.
The intensity of commercial development in the Highway Commercial district is established by the traffic of the fronting thoroughfare. The intent of these regulations is to facilitate convenient access, minimize traffic congestion, and reduce the visual impact of excessive signage and parking lots
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CH · Wendell, NCThe intensity of commercial development in the Highway Commercial district is established by the traffic of the fronting thoroughfare. The intent of these regulations is to facilitate convenient access, minimize traffic congestion, and reduce the visual impact of excessive signage and parking lots
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.