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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
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! Two units totaling 2,119 Sq Ft perfectly suited for professional Offices, Medi-Spa, Retail and Neighborhood Center Services. The Main house could be a private residence with detached studio or home-based business. Great bones with nods to historical charm with modern updates--wood floors, fireplace, updated Kitchen & Baths--and large deck. There is secure storage and a carport. Additional Flex space that could be used as more storage or upfit for an additional use. X-Large, 2-bay detached Garage with high ceilings that could accommodate car lift AND covered Boat/RV Parking! Large asphalt parking with 20+ spaces. So much potential here and More!! Endless possibilities in this vibrant & growing region!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,119 SF
Building Class
C
Year Built/Renovated
1911/2011
Price
$990,000
Price Per SF
$467.20
Cap Rate
6.86%
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 - Neighborhood Mixed Use
Parking
15 Spaces (7.08 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Foiled Salon
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Harmony Wellness
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Foiled Salon | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Harmony Wellness | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 007-101-07 | Total Assessment | $405,300 (2025) |
| Land Assessment | $226,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $178,800 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
007-101-07
Land Assessment
$226,500 (2025)
Improvements Assessment
$178,800 (2025)
Total Assessment
$405,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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