Cornelius Mixed-Use Investment
19428 Zion Avenue Cornelius, NC 28031
19428 Zion Avenue, Cornelius, NC, 28031
$895,000
For Sale
$895,000
Prime location near downtown Cornelius, suitable for various ventures.
Property Size2,119 SF
Price / SF$422.37
Days on Market292
Property Features for 19428 Zion Avenue
General Information
- Standard status
- Active
- Size
- 2,119 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1911
Listing agency
LAKE NORMAN REALTY, INC
(704) 655-2600
Listed by
NIKKI ROBINSON · License #282886
Source
Corcoran
Added: Oct 3, 2025 Updated: Jul 6 at 10:23AM Checked: Jul 21 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAKE NORMAN REALTY, INC
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Cornelius, North Carolina, close to the vibrant downtown area and offering high visibility along Statesville Highway. The property includes two units totaling 2,119 square feet, ideally suited for professional offices, a medi-spa, retail space, or neighborhood center services. The main house could serve as a private residence with a detached studio or a home-based business. The building retains historical charm with modern updates, including wood floors, a fireplace, an updated kitchen and baths, and a large deck. Secure storage and a carport are available. Additional flex space can be used for storage or upfitted for another purpose. The property features an extra-large, two-bay detached garage with high ceilings that could accommodate a car lift, as well as covered boat or RV parking. A large asphalt parking area provides 20+ spaces. This property offers endless possibilities in a vibrant and growing region.
Key Highlights
- Prime location in the heart of Cornelius, NC, with high visibility on Statesville Hwy and close proximity to vibrant Downtown.
- Two units totaling 2,119 Sq Ft suitable for various uses: professional offices, medi‑spa, retail, or neighborhood center services.
- X‑Large, 2‑bay detached garage with high ceilings, accommodating a car lift, plus covered Boat/RV parking.
Local 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 | $55.2k | $26.04 |
| − Vacancy | −$5.6k | −$2.66 |
| EGI | $49.6k | $23.38 |
| − OpEx | −$12.4k | −$5.85 |
| NOI | $37.2k | $17.54 |
2,119 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$530.9K
$464.5K – $619.4K
NOI $37,163 @ 7.0% cap · market cap 4.15%
Second Best
Retail
$370.7K
$324.4K – $432.5K
NOI $25,952 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$684.7K
$599.1K – $798.8K
NOI $47,930 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kaykeez Permanent Cosmetics
Medical Clinic
Glow Up With ...
Spa & Massage Center
Harmony & Balance Massage ...
Alternative Medicine Practice
Susan Duncan Wellness ...
Alternative Medicine Practice
Foiled salon
Hair Salon
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FAQs
What type of property is this?
Mixed-use property - Prime location near downtown Cornelius, suitable for various ventures.
Where is this mixed-use property located?
The property is located at 19428 Zion Avenue Cornelius, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location in the heart of Cornelius, NC, with high visibility on Statesville Hwy and close proximity to vibrant Downtown.; Two units totaling 2,119 Sq Ft suitable for various uses: professional offices, medi‑spa, retail, or neighborhood center services.; **X‑Large, 2‑bay detached garage with high ceilings, accommodating a car lift, plus covered Boat/RV parking.**
