117 Cowan Ln Statesville, NC 28625
This exceptional 2.25-acre commercial land parcel presents a unique investment opportunity in Statesville, North Carolina. Situated on Cowan Lane, it benefits from a highly desirable B2 zoning designation, offering considerable flexibility for a variety of commercial uses. The property's strategic location off Turnersburg Highway, Statesville's busiest retail corridor, ensures high visibility and accessibility, maximizing potential for strong returns. Currently, three residential homes are situated on the land, providing immediate income potential while development plans are considered. This presents a dual advantage: existing revenue streams coupled with the significant upside of future commercial development. The 2.25-acre lot provides ample space for a wide range of commercial ventures, from retail establishments to light industrial uses, all within the vibrant and growing community of Statesville. The property's address is 117 Cowan Ln, Statesville, NC 28625, in Iredell County. Its prime location and flexible zoning make this a compelling investment opportunity for discerning buyers seeking a blend of immediate income and long-term growth potential. Detailed zoning information is readily available upon request. This is a rare chance to acquire a significant commercial property in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.