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18505 Statesville Rd
Cornelius, NC 28031 Outer Huntersville/Cornelius

$350,000 USD

Office Condo For Sale  •  1,574 SF

Property Details

  • Property Type Office
  • Total Building Size 10,000 SF
  • Lot Size 4.29 AC
  • Building Class C
  • Year Built 1996
  • Tenancy Multiple
  • Zoning HC
20 Transit Score
40 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit A03 Retail 1,574 SF $350,000 USD
  • Unit Size: 1,574 SF
  • Condo Use: Retail
  • Price: $350,000 USD
  • Sale Type: Investment
  • Price/SF: $222.36 USD
Description
Positioned along the highly trafficked Statesville Road corridor in the heart of Cornelius, NC, this 1,574 SF retail condominium presents a compelling investment opportunity with immediate income and long-term upside. Currently leased to a pet grooming business through December 2027, the property offers stable cash flow with a Net Operating Income of $22,106 and a projected cap rate near 6%.

Sale Notes
The space features a functional and well-maintained build-out that includes open work areas, grooming bays, a welcoming reception and waiting area, two private offices, a kitchen, laundry, bath, and utility/storage zones. Its visibility and signage potential along Statesville Road enhance its appeal for future tenants or owner-users.

Description 

Cornelius is part of the dynamic Lake Norman region, just north of Charlotte, and benefits from strong demographics. Within a 3-mile radius, the average household income exceeds $160,000, and the average home value is nearly $650,000. The area’s affluence and growth trajectory make this asset ideal for investors seeking a foothold in a high-demand retail corridor.

Highlights

Located on Statesville Road with excellent visibility
Stable lease in place through December 2027
Functional layout with grooming bays, offices, and kitchen
Strong surrounding demographics and household income
Positioned in the growing Lake Norman submarket
Zoned HC, allowing for a variety of retail uses

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Carolina Plus Insurance
Day Spa Lake Norman
Hines & Associates Realty
Puppy Luv
Team Heidi Real Estate
Villaggio Natural Nails & Spa

Amenities

  • Signage
  • Reception

Public Transportation

AirportDriveWalkDistance
Concord-Padgett Regional 24 min - 16.3 mi
Charlotte/Douglas International 35 min - 24.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Matthew Hagler 704-408-8867 KW Commercial
Matthew Hagler 704-408-8867 KW Commercial