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    1809 Front St Statesville, NC 28677

    For Sale
    $999,500

    11,010 SF Flex Space, Owner Financing Available

    Property size:
    11,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,010-square-foot industrial property, located at 1809 W Front St in Statesville, North Carolina, presents a compelling investment opportunity. Situated on a 0.58-acre lot, this single-story, 1980-built building underwent a complete renovation in 2023. The property features a flexible layout suitable for manufacturing, warehousing, or flex uses, encompassing two units, each priced at $499,750. The asking price for the entire property is $999,500, translating to $90.78 per square foot. Key features include one loading dock, two dock-high doors, three offices, four bathrooms, a paved parking lot, and a fenced storage area. The property boasts excellent visibility from its corner lot location and is zoned B5. The property is currently partially leased with one unit available for lease at $3,500 per month. Owner financing is available for qualified buyers. The property's Assessor's Parcel Number (APN) is 4734-16-0793.000. This versatile property offers significant potential for both lease income and owner-occupancy.

    Property Features for 1809 Front St

    General Information

    Property type
    Distribution properties
    Square Feet
    11,010 SF
    Lot Size
    25,265 SF

    Building Details

    Year Built/Renovated
    1980/2023
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • 11,010 SF industrial property on a 0.58‑acre lot in Statesville, NC.
    • Completely renovated in 2023, single‑story building built in 1980.
    • Two units, each priced at $499,750, totaling $999,500 ($90.78/SF).
    • Features one loading dock, two dock‑high doors, three offices, four bathrooms, paved parking, and fenced storage.
    • Excellent visibility from corner lot, B5 zoning, partially leased (one unit available at $3,500/month).
    • Owner financing available. APN: 4734‑16‑0793.000.
    Property Profile Location Intelligence

    Current Use by Public Records

    AutoTechnic Auto Repair Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.918186719986
    Latitude
    35.786978673599

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    FAQs

    What type of property is this?
    Distribution property - 11,010 SF Flex Space, Owner Financing Available
    Where is this distribution property located?
    The property is located at 1809 Front St Statesville, NC.
    What is the asking price?
    The asking price for this property is $999,500.
    What are key features of this property?
    This property features: 11,010 SF industrial property on a 0.58-acre lot in Statesville, NC.; Completely renovated in 2023, single-story building built in 1980.; Two units, each priced at $499,750, totaling $999,500 ($90.78/SF).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1809 Front St Statesville, NC 28677
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