19630 Oak St 00521101 Cornelius, NC 28031

Property Details for 19630 Oak St 00521101

Lot size

0.45 lot acres

Property type

Commercial real estate

Description

This exceptional 0.451-acre commercial lot, located at 19630 Oak Street in Cornelius, North Carolina, presents a unique investment opportunity. Currently zoned TC (Town Center), this property is ideally suited for mixed-use development, aligning perfectly with the town's future downtown master plan. The property includes a 1,472 square foot single-family house built in 1921, currently vacant. Its prime location offers unparalleled access to Cornelius' vibrant downtown area, placing it within walking distance of Town Hall, the Police Department, a variety of restaurants, the Cain Center for the Arts, Oak Street Mill Village, and numerous retail establishments. The site benefits from level topography, simplifying development. Nearby, significant developments are underway, including "The Venue" (70 apartments and 6,000 square feet of ground floor commercial space), Mills Market (238 multi-family units and 12,000 square feet of commercial use), and Greenway Gartens (448 residential units and 44,000 square feet of non-residential space). These projects underscore the area's robust growth and high demand. The property's strategic location also benefits from high traffic counts on nearby Main Street (19,500 VPD in 2018) and Catawba Avenue (14,000 VPD in 2016). The average household income within a 5-mile radius is $135,143, and the population is 94,658 (2023 data). This property is offered at $350,000 and represents a compelling chance to capitalize on Cornelius' thriving downtown district. The Town Center zoning encourages redevelopment and expansion, making this an exceptional opportunity for a developer or investor seeking a foothold in a rapidly growing community.

Location Insight

City

Cornelius

County

Mecklenburg

State

North Carolina

Longitude

-80.858892

Latitude

35.4796248