117 N Arendell Avenue, Zebulon, NC 27597
Wake County
Key Facts
Description
Large Corner Building in downtown Zebulon at a traffic light. ATTENTION INVESTORS & DEVELOPERS! A generational opportunity to anchor Wake County's fastest-growing downtown. 117/123 N Arendell Ave offers a massive 10,000 SF historic footprint in the highly sought-after Downtown Core (DTC) of Zebulon. Built in 1920, this architectural blank slate is the ultimate adaptive-reuse play—ideal for a food hall, microbrewery, co-working hub, or multi-tenant retail. THE METRICS THAT MATTER: Priced strategically at $1,600,000 ($158/SF) in a verified hyper-growth market. Massive spread against stabilized comps. Proforma NOI: $147,250 with an 8.42% Stabilized Cap Rate. Location: Prime N Arendell Ave frontage with heavy foot traffic generators. Incentives: Eligible for Town of Zebulon Facade Grants. With 4 comparable properties analyzed, the data confirms this is a rare value-add geometry. Surrounded by thriving local businesses and just 26 mins from Raleigh, the upside is substantial. Will not last long. Inquire for the full underwriting dossier today.Some buildings simply house businesses. A rare few get to dictate the future of an entire town. Standing proudly since 1920, 117/123 N Arendell Ave isn't just a building; it is the beating heart of Zebulon's downtown renaissance. In a hyper-growth market where authentic historic architecture is rapidly disappearing, this 10,000-square-foot canvas offers an unrepeatable opportunity. Imagine the morning sun illuminating century-old exposed brick as locals gather for artisanal coffee, or the evening hum of a vibrant microbrewery echoing through soaring historic rafters. At a strategic $1,600,000, you aren't just buying real estate. You are acquiring the power to shape the culture and commerce of one of Wake County's next boomtowns. The history is written. The highly profitable next chapter is yours to author. Will you be the one to claim it?
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Structure Type
Flex
Year Built
1910
Living Area
15,828 sq ft
Lot Size
0.15 acres
Lot Dimensions
100 x 100
Zoning
DTC
Days on Market
45
MLS® Listing#
10171257
Property Features
Interior
Exterior
Cooling
Heating
Flooring
Basement
Fencing
Lot Features
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$11,601
Tax year 2025
Assessed Value
$1,056,685
Parcel Number
270514345763000 0017616
Directions
From 264 South on 96 Corner of Arendell and Horton
Affordability Calculator
$320,000
Estimated monthly payment
$8,516/mo
Principal $1,280,000 · Est. interest $1,785,714 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Zebulon, NC
- $431,897
- Median Listing Price
- 67
- Median Days on Market
- 2,363
- Median Sq Ft
- $188
- Median Price / Sq Ft
- 297
- Active Listings
- This home’s price is 270% above the area median.
- Its price per sq ft is 46% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Zebulon, NC.
Location
Points of Interest in Zebulon, NC
Showing the Zebulon area map.
Nearby Schools
Zebulon GT Magnet Middle School
Secondary · 0.7 mi away
East Wake Academy
School · 0.8 mi away
Zebulon Elementary
Elementary · 1.2 mi away
Wakelon Elementary School
Elementary · 2.6 mi away
ABC Land
School · 3.6 mi away
Creative Minds Microschool
School · 3.6 mi away
Wendell Elementary School
Elementary · 4.2 mi away
ABC Land
School · 4.3 mi away
Carver Elementary School
Elementary · 4.6 mi away
Wendell Middle School
Secondary · 4.6 mi away
Middlesex Elementary School
Elementary · 6.1 mi away
Corinth Holders Elementary Pto
Elementary · 6.1 mi away
East Wake High School
Secondary · 6.2 mi away
East Wake School of Health Sci
School · 6.2 mi away
Corinth Holders High School
Secondary · 6.8 mi away
Lake Myra Elementary School
Elementary · 7.8 mi away
Bunn Elementary School
Elementary · 8.7 mi away
Archer Lodge Middle School
Secondary · 8.7 mi away
Knightdale High School
Secondary · 9.2 mi away
Rolesville High School
Secondary · 9.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3928 Billy Hopkins Road, Zebulon, NC | $1,150,000 | 4 | 3 | 2,519 |
| 1032, 1036 Water Plant Road, Zebulon, NC | $1,150,000 | 4 | 3 | 3,618 |
| 476 Mollie Meadow Drive, Zebulon, NC | $1,159,000 | 4 | 4 | 3,995 |
| 40 Bealy Farm Road, Zebulon, NC | $1,175,000 | 4 | 4 | 4,175 |
| 3804 Peaceful Creek Trail, Zebulon, NC | $1,195,000 | 4 | 5 | 4,182 |
| 25 Alex Farm Court, Zebulon, NC | $1,239,000 | 4 | 5 | 3,860 |
Moving Cost Estimate
EXIT Agents in Zebulon
Listing Courtesy: Insight Residential Realty LLC - 9193754532
Last Updated: 2026-06-02