242 W Academy Street Active Save Request In-Person Tour Request Virtual Tour
Wendell,NC 27591
Key Details
Property Type Single Family Home, Commercial
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 2,031 sqft
Price per Sqft $440
Subdivision Not In A Subdivision
MLS Listing ID 10030631
Style House,Mixed Use,Retail,Site Built
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1915
Annual Tax Amount $2,350
Lot Size 0.490 Acres
Property Description
Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but could be used or rented out as a full time retail or office building. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental. Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It has a separate address for each building (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities. The first building is a 2000 sq ft fully renovated historic home, currently offered on VRBO as ''Cottage on the Boulevard''. With 5 years of successful rent roll on VRBO and Airbnb, this property brings in around 45k a year. It is currently zoned residential, but can be converted to commercial. The second building is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/deck spaces, conference table, kitchen and eating area, a classroom that seats 20, and storage . The parking lot is behind this brick building so it does not restrict the parking of the rental house or guests which use the driveway on Academy St. These two buildings are only separated by 6-8 feet so they can not be divided or sold separately. They could easily be combined to create a 4000 sf building, or used as is. The brick building currently generates rental revenue, but could be used or rented out as a full time retail or office building. The property is not in the historic district, but benefits from a tax reduction from the age of the property. It is within walking distance of downtown Wendell and has high visibility due to its location on three of the main road interchanges. Showings will need to be arranged around guests as this is a very popular and successful VRBO rental.
Location
State NC
County Wake
Community Sidewalks
Zoning MIXED USE
Rooms
Other Rooms Second Residence
Interior
Heating Forced Air,Gas Pack
Cooling Central Air,Gas
Flooring Ceramic Tile,Hardwood,Vinyl
Laundry In Hall
Exterior
Exterior Feature Fenced Yard
Fence Chain Link,Wood
Community Features Sidewalks
Utilities Available Cable Available,Cable Connected,Natural Gas Available,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View Downtown
Roof Type Shingle
Building
Lot Description City Lot,Level
Foundation Brick/Mortar,Permanent
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Wake - Wendell
Middle Schools Wake - Wendell
High Schools Wake - East Wake
Others
Special Listing Condition Seller Licensed Real Estate Professional