Restored Professional Office
For Sale
$1,200,000
20212 Zion Avenue, Cornelius, NC 28031
Commercial Sale, Cornelius, NC
Property Size2,400 SF
Lot Size0.95 Acres
Price / SF$500
Days on Market139
Property Features for 20212 Zion Avenue
General Information
Property type
Commercial Sale
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
Amenities
handicap access
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
Changed: Oct 8
Last Checked: Oct 31 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1906 and restored, this 2,400-square-foot building has been converted from a residence to professional office space. Interior details include wood floors and trim, with handicap access and a restroom. The property is zoned TC (Town Center) and includes 0.95 acres.
The site is in Cornelius Town Center, near Cornelius Town Hall, Antiquity, Cain Arts Center, and Oak Street Mill. A potential future light rail station location is identified nearby. The property also offers rear parking and access to the Cornelius and Davidson markets.
The site is in Cornelius Town Center, near Cornelius Town Hall, Antiquity, Cain Arts Center, and Oak Street Mill. A potential future light rail station location is identified nearby. The property also offers rear parking and access to the Cornelius and Davidson markets.
Key Highlights
- 2,400‑square‑foot professional office conversion
- Built in 1906 and restored, with wood floors and trim
- 0.95 acres in TC (Town Center) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,091
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,820
$841.8K
Cap Rate 7%
$601,300
$601.3K
Cap Rate 9%
$467,678
$467.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$62.5K $26.04/SF
− Vacancy
−$6.4K −$2.66/SF
EGI
$56.1K $23.38/SF
− OpEx
−$14.0K −$5.85/SF
NOI
$42.1K $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%
$841,820
Cap Rate 7%
$601,300
Cap Rate 9%
$467,678
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
713
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An adapted historic residence provides professional office use, handicap access, and a restroom in the Town Center zoning district.
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: 2,400‑square‑foot professional office conversion; Built in 1906 and restored, with wood floors and trim; 0.95 acres in TC (Town Center) zoning
