709 Gannon Ave Zebulon, NC 27597
- Automotive properties
- 6,400 SF
- 1.86 lot acres
Current Use by Public Records
- Auto Direct Service Department / Air Conditioning Repair Service / Oil Change Service
- Auto Direct Sales / Car Dealer
Property Details for 709 Gannon Ave
- Year built
- 1991
- Construction
- METAL FRAME
- Lot size
- 1.86 lot acres
- Property size
- 6,400 SF
- Zone code
- HC
- Property type
- Automotive properties
- APN
- 1795.16-84-0271 0178548
- APU
- 1795168402710178548
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $650,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $635,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $560,000
- Mixed-Use
- $610,000
- Hospitality
- $610,000
- Educational
- $640,000
- Residential Income
- $625,000
- Energy
- $665,000
- Income-Based Land
- $735,000
- Food Service
- $700,000
Location Insight
- Map
- Local Demand
- City
- Zebulon
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3319
- Latitude
- 35.8205
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
