2327 Shelton Ave Statesville, NC 28677-2757

Property Details for 2327 Shelton Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.72 lot acres

Property size

11,460 SF

Zone code

NB

Property type

Strip malls

Property subtype

Neighborhood centers

APN

4732-79-0210.000

APU

4732790210000

Description

This exceptional investment opportunity presents a ten-unit strip mall situated on a prominent 2.72-acre lot in Statesville, North Carolina. Boasting nearly 500 feet of road frontage along Highway 21, this property enjoys high visibility and excellent accessibility. The building features two levels, each housing five units, with the potential for expansion to eleven units. Currently, two upstairs units have been combined. Each unit is equipped with a restroom, and several include kitchens. Individual power meters ensure efficient utility management. The property utilizes a septic system and city/county water. Zoned Neighborhood Business, this versatile property allows for a wide range of commercial uses. While some repairs and updates are needed, this factor is reflected in the attractive asking price. This presents a unique chance to acquire a well-located commercial property with significant upside potential. Note that the owner is also selling an adjacent 3.58-acre parcel (MLS 4213421), offering an opportunity to expand the property's footprint. The property's location near the approved 774-acre Wakefield Village residential/retail development in Barium Springs further enhances its long-term value and growth prospects. This is a prime opportunity for investors seeking a strong return in a rapidly developing area.