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    Catawba Ave Cornelius, NC 28031

    Sponsored
    For Sale
    $1,050,000

    1.54 Acres, Mixed-Use Zoning, Catawba Ave.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.54-acre lot presents a unique development opportunity in Cornelius, NC. Located at 0 W Catawba Ave, this property boasts 240+ feet of road frontage on West Catawba Avenue and sits at a prime corner location with Silver Quay Drive. The parcel, APN 00148352, is zoned Neighborhood Mixed, allowing for a variety of uses including office, retail, and restaurant establishments. Water and sewer are readily available with existing taps. A vested watershed plan is in place, streamlining the development process. This property offers unparalleled convenience, situated just 2.2 miles from I-77 exit 28, 3 miles from Birkdale Village and I-77 exit 25, and 9.7 miles from Charlotte's I-485 outer belt. The asking price is $1,050,000. An adjacent lot (Parcel ID 00148351) is also available for purchase, either individually or together with this property. This presents a rare chance to acquire a significant land parcel in a thriving area with excellent access to major transportation arteries and established amenities. The property's strategic location and versatile zoning make it an ideal investment for developers seeking a high-impact project.

    Property Features for 0 Catawba Ave

    General Information

    Property type
    Land
    Lot Size
    67,082 SF

    HighLights

    • Neighborhood Mixed zoning.
    • Parcel ID 00148352.
    • 240+ feet of road frontage on West Catawba Avenue.
    • Water and sewer available; taps in place.
    • Potential uses: office, retail, restaurant.
    • Convenient location: 2.2 miles to I‑77 exit 28, 3 miles to Birkdale Village & I‑77 exit 25, 9.7 miles to Charlotte's I‑485.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.892115
    Latitude
    35.4755273

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    FAQs

    What type of property is this?
    Land - 1.54 Acres, Mixed-Use Zoning, Catawba Ave.
    Where is this land located?
    The property is located at Catawba Ave Cornelius, NC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Neighborhood Mixed zoning.; Parcel ID 00148352.; 240+ feet of road frontage on West Catawba Avenue.
    (704) 896-1911
    Request Owner's contact information
    Catawba Ave Cornelius, NC 28031
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    Cornelius, NC 28031
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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
    Catawba Ave Cornelius, NC 28031
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