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242 W Academy Street

Wendell, NC 27591
  • $575,000
  • STATUS: Active
  • ON SITE: 115 Days
  • ID#: 10059250
$575,000
  • 3
    BEDS
  • 0.49
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,031
    SQFT
  • $283
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1915
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Triangle MLS logoListing courtesy of NorthGroup Real Estate, Inc.: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.

Description

Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It must be sold with 3169 Wendell Boulevard MLS listing #10059253 (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities but are on the same parcel. This 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 listed in MLS 10059253 is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/desk 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 you could have your own home office or rent out as a full time retail or office building for additional income. 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.

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Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-02-11T23:55:58.72.
www.landandluxury.com/homes/156949527
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242 W Academy Street Wendell, NC 27591

  • Price: $575,000
  • Status: Active
  • On Site: 115 Days
  • ID#: 10059250
3
Beds
2
Baths
1
½ Baths
0.49
Acres
2,031
SQFT
$283
$/SQFT
1915
Built
Neighborhood:
Not In A Subdivision
County:
Wake
Area:
Wendell
Elementary School:
Wake - Wendell
Middle School:
Wake - Wendell
High School:
Wake - East Wake
Property Description
Own a unique part of Downtown Wendell. This property fronts 3 separate roads: Wendell Blvd, Marshburn Rd, and Academy St. It must be sold with 3169 Wendell Boulevard MLS listing #10059253 (242 W Academy and 3169 Wendell Blvd) and each has separate power and utilities but are on the same parcel. This 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 listed in MLS 10059253 is zoned as an office/retail single tenant building that is 1632 sf. This building has also been fully renovated with 4 office/desk 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 you could have your own home office or rent out as a full time retail or office building for additional income. 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.
Exterior Features

Architectural Style Cottage Attached Garage YN No Construction Materials BrickVinyl Siding Exterior Features Fenced Yard Fencing Chain LinkWood Foundation Details Brick/MortarPermanent Garage YN No Levels One Lot Features City LotLevel Open Parking YN Yes Parking Features Additional ParkingParking Lot Patio And Porch Features CoveredFront PorchPorchSide Porch Pool Private YN No Road Frontage Type City Street Road Surface Type Asphalt Roof Shingle

Interior Features

Above Grade Finished Area 2031 Appliances Built-In Electric OvenBuilt-In RangeDishwasherMicrowaveRefrigeratorStainless Steel Appliance(s) Below Grade Finished Area 0 Cooling Central AirGas Cooling YN Yes Fireplace YN No Flooring Ceramic TileHardwoodVinyl Heating Forced AirGas Pack Heating YN Yes Interior Features Apartment/SuiteBathtub/Shower CombinationCeiling Fan(s)Eat-in KitchenGranite CountersSmooth Ceilings Laundry Features In Hall Rooms Total 6 Window Features Insulated Windows

Property Features

Association YN No Common Walls No Common Walls Community Features Sidewalks Lease Term Short Term Lease New Construction YN No Other Structures Second Residence Property Sub Type Ranch Sewer Public Sewer Special Listing Conditions Seller Licensed Real Estate Professional Structure Type HouseMixed UseRetailSite Built Tax Annual Amount 2274 Utilities Cable AvailableCable ConnectedNatural Gas AvailableNatural Gas ConnectedSewer ConnectedWater Connected View Downtown View YN Yes Water Source Public Zoning Residential



Triangle MLS logo©2025 Doorify MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2025-02-11T23:55:58.72.
 
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Mossy Oak Properties Land and Luxury
114 Morlake Drive Suite 103
Mooresville NC, 28117
Triangle MLS logoListing courtesy of NorthGroup Real Estate, Inc.: .
© 2025 Doorify MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.