Restored Office Building with Handicap
For Sale
$1,200,000
20212 Zion Avenue, Cornelius, NC 28031
SINGLE_FAMILY - Cornelius, NC
Property Size2,400 SF
Lot Size0.95 Acres
Price / SF$500
Days on Market46
Property Features for 20212 Zion Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
TC
Zoning description
TC
Standard status
Active
APN
007-062-04
Lot size
0.95 Acres
Taxes and HOA fees
Tax Description
2,400 SF 2-story building on .52 +/- acre as described in Deed book/Page 13057-936.
Legal Description
2,400 SF 2-story building on .52 +/- acre as described in Deed book/Page 13057-936.
Utilities
Heating system
Forced Air
Building Details
Year built
1906
Building materials
Aluminum, Vinyl
Listing Agency:
Knox Group, The
(704) 896-1911
Listed By:
Gary Knox · License #113410
(704) 634-5630
Added: Jun 15
Last Checked: Jul 30 at 3:06PM
MLS# 4393171
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a restored 1906 home converted to professional office space. The building features handicap access and an on-site restroom, along with restored interior finishes including beautiful wood floors and trim. Two tax parcel IDs are included: 007-062-04 and 007-062-11. The zoning is TC (Town Center), supporting a town-center office use profile. Ample parking is provided to the rear.
The site is located centered in the heart of the Cornelius Town Center. Nearby references listed in the remarks include Cornelius Town Hall, Antiquity, Cain Arts Center, and Oak Street Mill, placing the building within an established mix of civic and arts-oriented destinations. The property also notes potential future light rail station location.
For prospective tenants or buyers seeking a distinctive office environment, the conversion to professional office space and existing accessibility features provide a practical baseline for office operations. Rear parking and an office-ready interior with wood flooring can support everyday client visits and staff use. With TC zoning, the property is positioned as an office option within the town-center setting, while remaining suited to teams that want a character-rich workspace rather than a new-build layout.
The site is located centered in the heart of the Cornelius Town Center. Nearby references listed in the remarks include Cornelius Town Hall, Antiquity, Cain Arts Center, and Oak Street Mill, placing the building within an established mix of civic and arts-oriented destinations. The property also notes potential future light rail station location.
For prospective tenants or buyers seeking a distinctive office environment, the conversion to professional office space and existing accessibility features provide a practical baseline for office operations. Rear parking and an office-ready interior with wood flooring can support everyday client visits and staff use. With TC zoning, the property is positioned as an office option within the town-center setting, while remaining suited to teams that want a character-rich workspace rather than a new-build layout.
Key Highlights
- Restored 2,400 sq ft home built in 1906, converted to professional office space
- Zoned TC (Town Center) with Tax Parcel ID 007‑062‑04 and 007‑062‑11
- Professional office layout with handicap access and restroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $26.04 |
| − Vacancy | −$6.4k | −$2.66 |
| EGI | $56.1k | $23.38 |
| − OpEx | −$14.0k | −$5.85 |
| NOI | $42.1k | $17.54 |
2,400 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$601.3K
$526.1K – $701.5K
NOI $42,091 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$775.5K
$678.6K – $904.8K
NOI $54,285 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 28031, NC
30,836
Population
14,194
Households
2.2
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
14.0 sq mi
ZIP Area
2,203
Density / Sq Mi
$115,746
Median Household Income
$65,377
Median Earnings
$1,587
Median Rent
$497,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A restored 1906 home converted to professional office space with handicap access, restroom, and rear parking.
Where is this office building located?
The property is located at 20212 Zion Avenue Cornelius, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Restored 2,400 sq ft home built in 1906, converted to professional office space; Zoned TC (Town Center) with Tax Parcel ID 007‑062‑04 and 007‑062‑11; Professional office layout with handicap access and restroom
