Technical
Financial
Distress signals
Property profile

109 Water St Statesville, NC 28677

OFF-MARKET
Retail space
Property ID
US53-1453055
4,200 SF 0.11 ac lot Built 1910
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,800 square foot commercial property at 109 E Water Street in Statesville, North Carolina, presents a unique investment opportunity. The building, constructed in 1910, boasts a charming two-story design and is situated on a 0.11-acre lot. The property features a single tenancy, offering a flexible space ideal for a variety of businesses, including traditional, executive, or creative office uses, as well as retail or restaurant options. The building's zoning is CB (Central Business), allowing for diverse operational possibilities. Tenants will benefit from ample parking with 10+ spaces conveniently located across the street. The property's prime downtown location offers excellent visibility and walkability, placing it within easy reach of numerous amenities, including restaurants, shops, parks, and the courthouse. Its proximity to Highway 21, Highway 40, and I-77 ensures convenient access for customers and employees. The building's 2,800 square feet of main floor space is complemented by an additional 1,400 square feet of basement storage, perfect for inventory or equipment. The property is available for immediate lease. The APN is 4734-96-9419.00.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,200 SF
Lot 0.11 ac (4,792 SF)
Zoning code CB
APN 4734-96-9419.000
UPID US53-1453055

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply

Location

109 Water St Statesville, NC 28677-5249
Statesville metro Census 60500 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2022
Last sale
$170,000
1 recorded transaction
2022
$170,000

Zoning & alternative use

CB · Statesville, NC
Zoning description

Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Distri…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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