Date
Details
Price
Change
Source
6/02/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,600,000 Just Listed
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Property 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?
Full Property Details
Full Property Details for 117 N Arendell Ave
General
- Price: $1,600,000
- Taxes: $11,601
- Status: Active
- Type: Retail
- Source: 2218
- MLS ID: 10171257
- Updated: 6/3/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Concrete, Hardwood, Simulated Wood
Exterior
- Exterior Features: Awning(s)
Location
- County: Wake
- Driving Directions: From 264 South on 96 Corner of Arendell and Horton
- Direction Faces: East
- City Limits: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Heat Pump
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected, Underground Utilities
Structural Information
- # Buildings: 1
- Structure Type: Flex, Site Built
- Exterior Const.: Brick, Concrete, Glass, Slump Block
- Basement: Yes
- Basement Desc.: Block, Concrete, Sump Pump, Unfinished
- Roof: Flat, Metal, Mixed
- Elevator: Yes
- Stories/Levels: 2
- Building Size: 15828
- Square Feet: 15,828
- Year Built: 1910
- Other Struct. Feat.: Cable TV, High Speed Internet
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Dimensions: 100 x 100
- Frontage: City Street, Highway, State Road, 2 Lane Road
- Street/Road Desc.: Asphalt
- Fence: Yes
- Lot Features: City Lot, Corner Lot
- Zoning: DTC
- Fencing (Description): Chain Link, Partial
Financial Considerations
- Price Per Acre: $10,666,666.67
- Tax Amount: $11,601.24
Disclosures and Reports
- Special Conditions: Real Estate Owned, Standard
- Bank-owned: Yes
- Property ID: 270514345763000 0017616
- Lot Number: None
Listed by Insight Residential Realty LLC, Robert Terry (919) 810-3912 and Insight Residential Realty LLC, George Roa (919) 904-6595
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 117 N Arendell Ave —
Robert Terry
Insight Residential Realty LLC
George Roa
Insight Residential Realty LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 117 N Arendell Ave
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Wakelon Elementary 8921 Pippin Road, Zebulon, NC 27597 | PK-5 | 2.6 mi |
Zebulon Middle 1000 Shepard School Road, Zebulon, NC 27597 | 6-8 | 0.7 mi |
East Wake High School 5101 Rolesville Road, Wendell, NC 27591 | 9-12 | 6.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 117 N Arendell Ave
Tax History
Tax History for 117 N Arendell Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,252
—
$571,436
—
2024
$6,232
61%
$571,436
32%
2023
$3,879
3%
$432,971
38%
2022
$3,761
4%
$314,830
—
2021
$3,621
—
$314,830
—
2020
$3,621
36%
$314,830
47%
2018
$2,662
-5%
$213,611
—
2019
$2,804
10%
$213,611
—
2017
$2,542
1%
$213,611
—
2016
$2,511
7%
$213,611
4%
2015
$2,349
3%
$206,117
—
2014
$2,273
4%
$206,117
—
2013
$2,183
—
$206,117
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 117 N Arendell Ave
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117 N Arendell Avenue, Zebulon, NC 27597 (MLS# 10171257) is a Retail property. 117 N Arendell Avenue is currently listed for $1,600,000 and was received on June 02, 2026. Want to learn more about 117 N Arendell Avenue? Do you have questions about finding other Retail real estate for sale in Zebulon? You can browse all Zebulon real estate or contact a Coldwell Banker agent to request more information.