109 Water St Statesville, NC 28677-5249
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.
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Anderson Portable Potty Rental Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Statesville, NCStatesville. Always verify with local authorities before improvements.
Costs & Benchmarks
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.