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18505 Statesville Rd
Cornelius, NC 28031
Building A · Office Property For Sale
·
10,000 SF
INVESTMENT HIGHLIGHTS
- Located on Statesville Road with excellent visibility
- Functional layout with grooming bays, offices, and kitchen
- Positioned in the growing Lake Norman submarket
- Stable lease in place through December 2027
- Strong surrounding demographics and household income
- Zoned HC, allowing for a variety of retail uses
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Total Building Size | 10,000 SF | Typical Floor Size | 10,000 SF |
| Property Type | Office (Condo) | Year Built | 1996 |
| Building Class | C | Lot Size | 4.29 AC |
| Floors | 1 | Parking Ratio | 3.9/1,000 SF |
| Zoning | HC - Heavy Commercial | ||
| Total Building Size | 10,000 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 1996 |
| Lot Size | 4.29 AC |
| Parking Ratio | 3.9/1,000 SF |
| Zoning | HC - Heavy Commercial |
AMENITIES
- Signage
- Reception
1 UNIT AVAILABLE
Unit A03
| Unit Size | 1,574 SF | Cap Rate | 6.00% |
| Condo Use | Retail | NOI | $28,933.80 CAD |
| Sale Type | Investment |
| Unit Size | 1,574 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $28,933.80 CAD |
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 $21,122 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.
