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Property profile & analytics
OFF-MARKET
Retail space

109 Water St Statesville, NC 28677-5249

4,200 SF 0.11 ac lot Built 1910
Entity Owned 4-yr Hold Free & Clear
Property ID
US53-1453055
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Anderson Portable Potty Rental Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Princeton Asset Management Lllp · 4 yrs held
Princeton Asset Management Lllp
since 2022
Last sale
$170,000
1 recorded transaction
2022
$170,000
Zoning & alternative use
CB · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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