242 West Academy Street
Wendell, NC 27591
$895,000
Price
—
Beds
3,632 Sq. Ft.
$246 / Sq. Ft.
3,632
Sq. Ft.
$246
per Sq. Ft.
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,...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.
- Listed by Amanda G Rivera • NorthGroup Real Estate, Inc.
- Listed by Amanda G Rivera • Creekside Inc/Five County Real
Property Details for 242 West Academy Street
Waterfront
No
Showings Expected to Begin05-24-2024
SubdivisionNot in a Subdivision
LISTING UPDATED: 10/10/2024 10:31 PM
Property Details for 242 West Academy Street
| Status | Active |
|---|---|
| MLS # | 10028458 |
| Days on Market | 194 |
| Taxes | $2,274 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1915 |
| Lot Size | 0.49 AC / 21,344 SF |
| County | Wake County |
Building Information for 242 West Academy Street
Stories1Residences2Year Built1915Lot Size0.49 AC / 21,344 SF
Property Information for 242 West Academy Street
Summary
Location and General Information
- Zoning: MIXED
- Directions: From 264 or 87 Take Wendell Blvd to corner of Academy and Wendell Blvd. On the corner of Wendell Blvd and Marshburn Rd also.
- Subdivision Name: Not in a Subdivision
- Latitude: 35.786304
- Longitude: -78.374003
Taxes and HOA Information
- Tax Annual Amount: $2,274.00
- City Limits Of: Wendell
- City Limits YN: Yes
- Cross Street: Wendell Blvd
- Lot Number: 0
Contract Information
- Comp Sale YN: No
- Lease Expiration Date: 2024-12-31
- Original MLS: Triangle MLS Inc
- Property Leased YN: Yes
- Years Owned: 1 or More Year(s)
Property
Lot Information
- Building Area Total: 3632.0
- Lot Size Dimensions: 114 x 81 x 125 x 181 x 67
- Parcel Number: 0070924
- Enhanced Accessible: No
- List PriceAcre: 1826530.61
- Power Production YN: No
- Road Frontage Length: 262
Property and Assessments
- New Construction: No
- Photos Count: 40
- Below Grade Finished Area Units: Square Feet
Interior and Exterior Features
Exterior Features
- Accessibility Features: Accessible Doors, Accessible Hallway(s), Common Area
- Construction Materials: Vinyl Siding
- Exterior Features: Private Yard
- Fencing: Chain Link
- Foundation Details: Brick/Mortar
- Pool Private: No
- New Construction Type: Vinyl Siding
Interior Features
- Stories: 1
- Flooring: Carpet, Hardwood, Tile
- Cooling: Central Air, Gas
- Cooling?: Yes
- Heating?: Yes
- Appliances: Dishwasher, Dryer
- Equipment Appliances: Dishwasher, Dryer
- Interior: Vinyl Siding
- Equipment: Dishwasher, Dryer
Multi Family
Unit Information
- Total Units: 2
Agent
Sale and Listing
- Property Class Name: CrossProperty
Rental
Rental Information
- Lease Term: Negotiable
- Availability Date: 05-10-2024
Property History for 242 West Academy Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 242 West Academy Street
Taxable ValueLand$235,224Additions$108,949Total$344,173
Tax Record2024$3,678 ($306 / month)
Home Facts
Baths2Total Finished SqFt1,999 SqFtAbove Grade Finished SqFt1,999 SqFtStories1Lot Size19,602 SqFtStyleSingle Family ResidenceYear Built1915Year Renovated1960ZoningNCCountyWAKEAPN1784.19-51-6659 0070924
Schools near 242 West Academy Street
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Wendell Elementary PublicK to 5 | ||
Wendell Middle Public6 to 8 | ||
East Wake High School Public9 to 12 | ||
River Oaks Middle Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of NorthGroup Real Estate, Inc.; Creekside Inc/Five County Real
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