236-238 S Allen Rd 3,900 SF 100% Leased Retail Building Wake Forest, NC 27587 $1,669,548 CAD ($428.09 CAD/SF) 7.24% Cap Rate

ABOUT THE PROPERTY
Located in the heart of one of North Carolina’s most consistent growth corridors, 238 South Allen Road offers a premier turnkey opportunity within Wake Forest’s flexible NMX (Neighborhood Mixed-Use) zoning. This meticulously maintained 2-story building is engineered for high-capacity service operations, featuring up to 15 ready-made salon suites that allow for immediate occupancy and revenue generation. The interior infrastructure is thoughtfully designed for both practitioner comfort and operational efficiency, boasting a full kitchen, four restrooms, and dedicated storage and laundry facilities. Beyond the interior, the property addresses the most critical "pain point" of downtown-adjacent real estate by providing 12 onsite parking spots and seamless ADA accessibility via integrated ramps, ensuring a premium experience for every client who walks through the door.
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LOCATION OVERVIEW
Strategically positioned just blocks from the energetic Historic Downtown Wake Forest district, this property sits at the nexus of small-town charm and high-intensity commercial growth. It is located less than 0.6 miles from the NC-98 (Dr. Calvin Jones Highway) corridor and a mere 1.3 miles from US-1 (Capital Blvd), providing effortless connectivity for clients commuting from across the Triangle. For regional accessibility, the property is situated approx. 9 miles from I-540 interchange, placing it within a 15-minute drive of the Triangle Town Center. This location ensures that the salon is perfectly positioned to serve the high-income residents of nearby master-planned communities like Heritage and Traditions, while remaining a staple for the local academic population at the Southeastern Baptist Theological Seminary, located just a half-mile away.
The surrounding area is a powerhouse of retail and professional activity, anchored by several premier business and shopping districts. Within a 2-mile radius, there is access to Wake Forest Crossing and Gateway Commons, featuring major national anchors such as Lowes Foods, TJ Maxx, Wegmans, and Kohl’s; the Shoppes at Heritage Village provides a high-end lifestyle destination with a high-volume Publix and numerous boutique dining options. This dense concentration of commercial infrastructure, combined with the property's NMX zoning, creates a "live-work-play" synergy. By anchoring your business at 238 South Allen Street, you are capturing a sophisticated demographic that values the convenience of modern shopping districts and the walkability of a historic commercial center.