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Office Condo For Sale • 1,574 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit A03 | Retail | 1,574 SF | $350,000 USD | |
DescriptionPositioned 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 $21,122 and a projected cap rate near 6%. Sale NotesThe 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. |
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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.
| 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 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Concord-Padgett Regional | 24 min | - | 16.2 mi |
| Charlotte/Douglas International | 35 min | - | 24.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 65 |
| Type: | Surface |
| Included in Rent: | Yes |
Matthew Hagler
KW Commercial
Matthew Hagler
KW Commercial
