709 Gannon Ave, Zebulon, NC 27597-2513
This exceptional 34.2-acre commercial land parcel presents a remarkable investment opportunity in the thriving Zebulon, North Carolina market. Strategically located adjacent to a Walmart Superstore, this property boasts over 1400 feet of road frontage on Gannon Avenue (NC Highway 97), providing excellent visibility and accessibility. Its convenient location offers easy access to Highway 264, placing it within a short distance of both the Zebulon Mudcats Stadium (approximately 1.5 miles) and a newly acquired Wake County School system site (approximately 1.3 miles). The property is zoned HC, allowing for a variety of commercial uses, and the seller is open to subdividing the land into parcels of at least 10 acres. This flexibility makes it ideal for a range of development projects, potentially including mixed-use developments. To facilitate a smooth transaction, a Buffer Determination letter from the state of North Carolina and a Phase 1 Environmental Site Assessment are readily available upon request. The asking price for this expansive and well-positioned property is $7,500,000. The property's APN is 2705774662. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area with excellent infrastructure and strong retail presence. Don't miss this chance to secure a prime location for your next venture.
-
Auto Direct Service Department Auto Repair Shop
-
Auto Direct Sales Car Dealership
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
HC · Zebulon, NCZebulon. 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.