Flexible Live-Work
For Sale
$675,000
19641 S Main Street, Cornelius, NC 28031
Downtown property with potential for residential use and certain light commercial applications.
Property Size1,940 SF
Days on Market54
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Property Features for 19641 S Main Street
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Office
Zoning
NMX
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 005-151-16, Assessed Value: $142,100
Central Air
Natural Gas
Listing ID: CAR4416924, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 5 days on market, Special Conditions: Estate, None
Driveway
Built in 1940, Construction Materials: Aluminum, Vinyl
County/Parish: Mecklenburg
2 total bathrooms
Water Source: City
Crawl Space
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Dishwasher, Exhaust Hood
Building Details
Building Size
1,940 SF
Year Built
1940
Listing Agency:
Southern Homes of the Carolinas, Inc
(704) 896-2000
Listed By:
Ashley Crawford
(910) 619-0060
Source:
Blackstreaminternational
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 15 at 12:28AM
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 Southern Homes of the Carolinas, Inc
Investment Insights
Based on property information with market context.
Located at 19641 S Main Street in Downtown Cornelius, this live-work property presents potential for residential occupancy, a live-work arrangement, or certain light commercial uses associated with NMX zoning. The property was built in 1940, and the available information supports a flexible use profile rather than a single defined operating format.
The central downtown setting places the property near local shops, restaurants, and community amenities. Its address is in Cornelius, North Carolina, within an area described as experiencing ongoing growth and revitalization. The combination of residential and commercial-use potential may suit an owner-occupant, investor, or entrepreneur seeking a property with multiple possible directions.
The central downtown setting places the property near local shops, restaurants, and community amenities. Its address is in Cornelius, North Carolina, within an area described as experiencing ongoing growth and revitalization. The combination of residential and commercial-use potential may suit an owner-occupant, investor, or entrepreneur seeking a property with multiple possible directions.
Key Highlights
- Live‑work space with potential for residential use
- Potential for certain light commercial uses associated with NMX zoning
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,024
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,480
$680.5K
Cap Rate 7%
$486,057
$486.1K
Cap Rate 9%
$378,044
$378.0K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$50.5K $26.04/SF
− Vacancy
−$5.2K −$2.66/SF
EGI
$45.4K $23.38/SF
− OpEx
−$11.3K −$5.85/SF
NOI
$34.0K $17.54/SF
Area
Mecklenburg County, NC
Vacancy
10.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,480
Cap Rate 7%
$486,057
Cap Rate 9%
$378,044
Alternative Uses
Best Use
Office B
$486.1K
$425.3K – $567.1K
NOI $34,024 @ 7.0% cap · market cap 5.04%
Second Best
Mixed Use
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$626.9K
$548.5K – $731.4K
NOI $43,881 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
545
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Downtown property with potential for residential use and certain light commercial applications.
Where is this live-work space located?
The property is located at 19641 S Main Street Cornelius, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Live‑work space with potential for residential use; Potential for certain light commercial uses associated with NMX zoning; Built in 1940
