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Property profile & analytics
OFF-MARKET
Land

117 Cowan Ln Statesville, NC 28625

2.25 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.25 ac (98,010 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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