31 N Main St, Wendell, NC 27591
For Sale
1 / 16
This exceptional 5,500-square-foot storefront, located at 31 N Main St in Wendell, NC's historic downtown district, presents a unique owner/user investment opportunity. The property, built in 1920 and extensively renovated in 2020, boasts two floors, each encompassing 2,750 square feet. The ground floor is ideal for retail, restaurant, or office use, featuring new plumbing, electrical, countertops, light fixtures, flooring, and a renovated bathroom. A 350-gallon grease trap is already installed. The building currently has a permit for 25 patrons. The second floor, accessible from both the first floor and a separate street entrance, offers versatile space, perfect for office space, residential conversion, storage, or additional rental income. The property is zoned Mixed Use (CD), providing flexibility for various business ventures. A rear loading dock adds to the property's functionality. The 0.08-acre lot includes 3 parking spaces. The property is available for occupancy on September 30, 2024. This is a rare chance to own a piece of Wendell's vibrant social district. The asking price is $995,000. The APN is 1784.19-60-8003-000.
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
DMX · Wendell, NCWendell. Always verify with local authorities before improvements.
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.