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18837 Statesville Rd
Cornelius, NC 28031
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Prime location near I-77 Express Lanes with excellent visibility
  • Predictable income with 3% annual rent escalations
  • Situated in a high-growth Lake Norman corridor
  • Fully leased to established fitness and wellness operators
  • HC zoning allows for flexible commercial uses

EXECUTIVE SUMMARY

Positioned along Statesville Road in Cornelius, NC, this 9,600 SF property offers investors a stabilized income stream in one of Lake Norman’s most dynamic submarkets. The site benefits from HC zoning, providing flexibility for a range of commercial uses, and sits on nearly one acre with excellent visibility and access to I-77 Express Lanes. This strategic location ensures strong connectivity to Charlotte and the surrounding Lake Norman communities, making it highly attractive for both tenants and future redevelopment potential.
The asset is currently leased to three established fitness and wellness operators—Champions LKN LLC, Architect Sports & Physical Therapy, and Mental Edge Fitness—creating a synergistic tenant mix that caters to the area’s affluent and health-conscious demographic. All leases feature 3% annual escalations and renewal options, providing predictable growth and long-term stability. With a purchase price of $2,200,000, this property represents a compelling opportunity for investors seeking a well-located, income-producing asset in a corridor experiencing sustained residential and commercial growth.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
9,600 SF
Building Class
B
Year Built
1987
Price
$3,041,500 CAD
Price Per SF
$316.82 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.94 AC
Zoning
HC - Highway Commercial
Parking
21 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
170’ on Statesville Rd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
005-412-50
Land Assessment
$666,552 CAD
Improvements Assessment
$779,621 CAD
Total Assessment
$1,446,173 CAD
  • Listing ID: 28988321

  • Date on Market: 2023-07-13

  • Last Updated:

  • Address: 18837 Statesville Rd, Cornelius, NC 28031

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