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426-430 Western Ave 7,300 SF 16% Leased Retail Building Statesville, NC 28677 $822,588 CAD ($112.68 CAD/SF)
INVESTMENT HIGHLIGHTS
- Close to downtown Statesville.
- Open building, recently occupied, upstairs ready for buildout.
- Easy access to US-70, I-77, I-40.
- Ample Parking.
EXECUTIVE SUMMARY
Seize the opportunity to own a combined 7,300 sq ft of commercial space in the heart of Statesville’s historic district. This property includes both 426 and 430 Western Avenue and offers versatile potential for investors and business owners alike.
Built in 1960, this well-maintained building has been a cornerstone of the community for decades, previously operating as a long-standing pharmacy until 2024. Zoned B-1 HD, it’s perfectly suited for a wide range of uses including retail, office space, studios, a café, or even a full-service restaurant.
Key Features:
• 426 Western Ave: Currently in a 24 month lease. This unit has been thoughtfully divided into two separate spaces, presenting a prime opportunity for additional income through future build-out and leasing.
• 430 Western Ave: A spacious two-level unit totaling 4,600 sq ft—ready for your vision.
Recent Updates Include:
• New electrical panels throughout the building
• Brand-new split unit HVAC units for the 426 unit
• Fresh exterior paint and parking lot striping
• New privacy fencing in the rear
• Updated water lines and a new water heater
This location offers easy access to Downtown Statesville, US-70, I-40, and I-77—making it ideal for customers, clients, or tenants looking for central convenience and character.
Don’t miss this opportunity to invest in a property with history, flexibility, and immediate income potential.
Built in 1960, this well-maintained building has been a cornerstone of the community for decades, previously operating as a long-standing pharmacy until 2024. Zoned B-1 HD, it’s perfectly suited for a wide range of uses including retail, office space, studios, a café, or even a full-service restaurant.
Key Features:
• 426 Western Ave: Currently in a 24 month lease. This unit has been thoughtfully divided into two separate spaces, presenting a prime opportunity for additional income through future build-out and leasing.
• 430 Western Ave: A spacious two-level unit totaling 4,600 sq ft—ready for your vision.
Recent Updates Include:
• New electrical panels throughout the building
• Brand-new split unit HVAC units for the 426 unit
• Fresh exterior paint and parking lot striping
• New privacy fencing in the rear
• Updated water lines and a new water heater
This location offers easy access to Downtown Statesville, US-70, I-40, and I-77—making it ideal for customers, clients, or tenants looking for central convenience and character.
Don’t miss this opportunity to invest in a property with history, flexibility, and immediate income potential.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,300 SF
Building Class
C
Year Built/Renovated
1959/1970
Price
$822,588 CAD
Price Per SF
$112.68 CAD
Percent Leased
16%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.28 AC
Zoning
B-1 - Historic District
Parking
18 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
65’ on Western Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4734-92-1870.000 | Improvements Assessment | $168,143 CAD |
| Land Assessment | $39,322 CAD | Total Assessment | $207,465 CAD |
PROPERTY TAXES
Parcel Number
4734-92-1870.000
Land Assessment
$39,322 CAD
Improvements Assessment
$168,143 CAD
Total Assessment
$207,465 CAD
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426-430 Western Ave
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