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306 Wait Ave 1,482 SF Retail Building Wake Forest, NC 27587 $750,000 ($506.07/SF)
INVESTMENT HIGHLIGHTS
- Medium car traffic
- retro
- close to downtown area
EXECUTIVE SUMMARY
Prime Downtown Wake Forest Location — Rare commercial property situated in the heart of Wake Forest This 0.39-acre corner parcel is improved with a 1,482 sq ft commercial structure well-suited for retail, restaurant, office, or mixed-use redevelopment. Better yet, purchase the current business and continue the legacy serving the community with delicious ice cream! If business is purchased all equipment and trucks will be included in purchase
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,482 SF
Building Class
C
Year Built
1970
Price
$750,000
Price Per SF
$506.07
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.39 AC
Zoning
RA-HC - Commercial, restaurant
Parking
23 Spaces (15.52 Spaces per 1,000 SF Leased)
Frontage
33’ on Roosevelt Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1841.19-51-7222-000 | Total Assessment | $294,645 |
| Land Assessment | $163,085 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $131,560 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1841.19-51-7222-000
Land Assessment
$163,085
Improvements Assessment
$131,560
Total Assessment
$294,645
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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306 Wait Ave
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