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19428 Zion Ave 2,119 SF Office Building Cornelius, NC 28031 $1,050,000 ($495.52/SF) 6.47% Cap Rate
INVESTMENT HIGHLIGHTS
- 2,119 SF in two stand-alone buildings - Leased Main house and Studio apt
- Detached 2-car Garage - 798 SF w/ 2 roll-top doors
- Opportunity to Expand the Footprint in the future
- Additional detached Flex Space - 874 SF with separate entrance, carport & storage
- Boat/RV covered Storage - 1 space
EXECUTIVE SUMMARY
Introducing a Prime investment opportunity in the heart of Cornelius, NC! Located close to vibrant Downtown with great visibility along Statesville Hwy. and perfect for your Business or next Venture! This 2,119 SF property offers two stand-alone and turn-key units, perfectly suited for an Office, Retail, Neighborhood Services, Flex, Storage and More! The two existing turn-key leasable spaces with potential for 3 more with small capital outlay. Ample parking in the large, asphalt parking lot. Neighborhood Mixed Use Zoning allows for both residential and commercial uses, with endless possibilities in this growing region. Renovated in 2011 with updated Kitchen and Bathrooms. New roof on main house and studio in 2023.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,119 SF
Building Class
C
Year Built
1911
Price
$1,050,000
Price Per SF
$495.52
Cap Rate
6.47%
NOI
$67,935
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,119 SF
Building FAR
0.05
Lot Size
0.99 AC
Zoning
NMX - Mixed Use
Parking
15 Spaces (7.08 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 007-101-07 | Improvements Assessment | $178,800 |
| Land Assessment | $226,500 | Total Assessment | $405,300 |
PROPERTY TAXES
Parcel Number
007-101-07
Land Assessment
$226,500
Improvements Assessment
$178,800
Total Assessment
$405,300
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19428 Zion Ave
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