1505 Front St Statesville, NC 28677
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 1505 Front St
- Year built
- 1952
- Lot size
- 4.74 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use investment property, located at 1505 W Front St in Statesville, North Carolina, presents a unique opportunity. The property, formerly the Thor-Lo sock headquarters, boasts high visibility at The V-Point. Comprising six one-story buildings totaling 19,200 square feet of net rentable space, the property offers a diverse range of uses. The buildings primarily consist of office space, but also include a dedicated exercise room, a former hosiery production area, and ample basement storage. Built between 1952 and 1997, the property underwent renovations in 2010. A notable feature is a charming barn-like structure at the rear, approximately 4,000 square feet, ideal for events or additional storage. The 4.743-acre lot is zoned LI - Light Industrial, providing flexibility for various business ventures. The asking price is $1,495,000, translating to $77.86 per square foot. This owner/user opportunity is situated in Iredell County, NC, zip code 28677. The property's Class C designation reflects its potential for value enhancement through further improvements. This is a rare chance to acquire a substantial mixed-use property in a desirable Statesville location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Statesville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.9133
- Latitude
- 35.7844
