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    20733 Catawba Ave Cornelius, NC 28031

    Sponsored
    For Sale
    $1,500,000

    Cornelius, NC Retail Opportunity

    Property size:
    3,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,344 square foot retail storefront, located at 20733 Catawba Ave in Cornelius, NC, presents a unique investment opportunity. The property, situated on a 0.4-acre lot, is a newly constructed Class B building completed in the second quarter of 2024. Currently vacant, this single-story building offers three 1,115 square foot units, easily adaptable for a single user or multiple tenants. The building is delivered in a cold dark shell condition, allowing for customization to meet specific business needs. The developer can complete build-out to buyer specifications at an additional cost. Boasting a prime Cornelius location just east of I-77 exit 28, this highly visible property benefits from strong demographics and high traffic counts. Ample parking is available at the rear of the building, providing 4 spaces per 1,000 square feet. The property is zoned NMX and features a convenient location between I-77 and downtown Cornelius. The asking price is $1,500,000. This is an ideal location for medical, office, or retail businesses.

    Property Features for 20733 Catawba Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,344 SF
    Class
    B
    Lot Size
    17,424 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Prime Cornelius location, near I‑77 and downtown.
    • High visibility on Catawba Avenue.
    • Each suite offers 1,115 square feet.
    • Estimated Q2 2024 delivery.
    • Excellent demographics and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.8698777
    Latitude
    35.48403

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    FAQs

    What type of property is this?
    Individual retail property - Cornelius, NC Retail Opportunity
    Where is this individual retail property located?
    The property is located at 20733 Catawba Ave Cornelius, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime Cornelius location, near I-77 and downtown.; High visibility on Catawba Avenue.; Each suite offers 1,115 square feet.
    Request Owner's contact information
    20733 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
    20733 Catawba Ave Cornelius, NC 28031
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