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123 Exterior 1 - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
dreamstage-result (36) - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
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117-North-Arendell--Garage - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
117-North-Arendell--Laundry - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
117-North-Arendell--Other 1 - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
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117-North-Arendell--Other - 117 N Arendell Avenue, Zebulon, NC 27597, Zebulon
41 photos

$1,600,000

117 N Arendell Avenue, Zebulon, NC 27597
Zebulon, NC 27597
Listed by Robert Terry · Insight Residential Realty LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1910

About this home

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 details

MLS #
10171257
Property type
Retail
Subdivision
N/A
Status
Active
Days on market
87
On market date
June 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.15 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Wakelon Elementary
2.63 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
544
Student:teacher ratio
12.4:1
District
Wake County Schools
Middle
Zebulon Middle
0.69 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
717
Student:teacher ratio
14.3:1
District
Wake County Schools
High
East Wake High
6.22 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,508
Student:teacher ratio
16.2:1
District
Wake County Schools

Mortgage calculator

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Est. monthly payment
$9,785/mo
$320,000 down
$1,280,000 loan
Principal & interest$8,302
Property tax (est.)$1,333
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.