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Property profile

709 Gannon Ave Zebulon, NC 27597

OFF-MARKET
Automotive properties
Property ID
US53-2836636
View Sample
6,400 SF 1.86 ac lot Built 1991
Entity Owned 8-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1991
Construction METAL FRAME
Total area 6,400 SF
Lot 1.86 ac (81,022 SF)
Zoning code HC
APN 1795.16-84-0271 0178548
UPID US53-2836636

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2018
2 recorded transactions
2018
$700,000
2015
$534,000

Zoning & alternative use

HC · Zebulon, NC
Zoning description

$21

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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