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The Blake House 21000 Torrence Chapel Rd 8,471 SF 100% Leased Office Building Cornelius, NC 28031 $3,695,000 ($436.19/SF)
Investment Highlights
- Fully leased office asset providing immediate income stability.
- Located less than a quarter mile from I-77, Exit 28, offering superior regional access.
- Walkable to restaurants, banking, grocery, and retail amenities surrounding Torrence Chapel Rd.
- Comprehensive building renovation completed in 2024.
- Ample on-site parking enhances convenience for tenants and visitors.
Executive Summary
This offering presents a fully stabilized investment opportunity in the heart of Cornelius, North Carolina. Positioned just off I-77 at Exit 28, this two-parcel property features 9,135 square feet on approximately 0.80 acres. The building underwent a complete renovation in 2024, modernizing systems and finishes while preserving its classic architectural design. Currently fully leased, the asset provides investors with immediate income from a long-term tenancy structure, reducing near-term rollover risk.
Cornelius lies within the thriving Charlotte metro, known for robust population growth, strong economic fundamentals, and a diverse business environment. The property is within walking distance of restaurants, banking, grocery stores, and multiple retail options, adding exceptional convenience and tenant appeal. Situated only 25 miles from Charlotte-Douglas International Airport, with quick connectivity via I-77, the location supports sustained demand from businesses seeking accessibility and high-quality suburban office environments.
Offered at $3,695,000, this property combines the security of predictable cash flow with the benefits of recent capital improvements, making it an attractive long-term hold for investors focused on growth markets.
Cornelius lies within the thriving Charlotte metro, known for robust population growth, strong economic fundamentals, and a diverse business environment. The property is within walking distance of restaurants, banking, grocery stores, and multiple retail options, adding exceptional convenience and tenant appeal. Situated only 25 miles from Charlotte-Douglas International Airport, with quick connectivity via I-77, the location supports sustained demand from businesses seeking accessibility and high-quality suburban office environments.
Offered at $3,695,000, this property combines the security of predictable cash flow with the benefits of recent capital improvements, making it an attractive long-term hold for investors focused on growth markets.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,471 SF
Building Class
B
Year Built
1998
Price
$3,695,000
Price Per SF
$436.19
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,236 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
0.80 AC
Zoning
NMX - Commercial
Parking
47 Spaces (5.55 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Accept & Achieve Counseling Pllc
- Health Care and Social Assistance
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- BBC Riverscross, LLC
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- Brian Mahoney
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- Brighter Smiles of Davidson
- Manufacturing
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- Dr. Patricia D. Whitt, PHD
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- Elaine E Kerns Counseling Service
- Health Care and Social Assistance
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- Finance and Insurance
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Equitable began in 1859 when Henry Baldwin Hyde established the company in New York City. Originally focused on life insurance, it expanded over the decades into a diversified financial services provider. Today, the company operates through three main divisions: retirement solutions, investment management via AllianceBernstein, and wealth management services. Equitable serves a wide range of clients including individuals, families, small businesses, and institutional investors. The firm maintains a significant presence in the financial sector with various products and advisory services.
- Fitness & Beauty by Jeri
- Services
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- Patty-Lee D'Ausilio
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- Security-Plus Inc
- Finance and Insurance
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Accept & Achieve Counseling Pllc | Health Care and Social Assistance | - | - | - | ||
| BBC Riverscross, LLC | - | - | - | - | ||
| Brian Mahoney | - | - | - | - | ||
| Brighter Smiles of Davidson | Manufacturing | - | - | - | ||
| Dr. Patricia D. Whitt, PHD | - | - | - | - | ||
| Elaine E Kerns Counseling Service | Health Care and Social Assistance | - | - | - | ||
|
|
Finance and Insurance | - | - | - | ||
| Fitness & Beauty by Jeri | Services | - | - | - | ||
| Patty-Lee D'Ausilio | - | - | - | - | ||
| Security-Plus Inc | Finance and Insurance | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 001-179-48 | Improvements Assessment | $1,244,900 |
| Land Assessment | $478,300 | Total Assessment | $1,723,200 |
Property Taxes
Parcel Number
001-179-48
Land Assessment
$478,300
Improvements Assessment
$1,244,900
Total Assessment
$1,723,200
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Contact the Sale Advisor
The Blake House | 21000 Torrence Chapel Rd