Technical
Financial
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Property profile

19725 Oak St Cornelius, NC 28031

FOR LEASE
Retail space
Property ID
US53-1166458
41,128 SF 3.59 ac lot Built 1920
Entity Owned Free & Clear
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Property summary

AI-generated overview

This stunning, renovated Class A property, located in the heart of Cornelius, NC, offers exceptional office and retail space within a historic mill building. The Oak Street Mill Renovation boasts approximately 41,000 square feet across two stories, situated on a 4.74-acre lot. Currently, 11,000 square feet of space is available for lease, divisible into units as small as 1,500 square feet and up to a contiguous 11,000 square feet. Ideal for a variety of uses, including executive office suites, storefront retail, salons, or shop spaces, this property is perfectly suited for businesses seeking a unique and prestigious location. Built in 1920 and meticulously renovated for delivery in 2024, the building benefits from a C700 zoning designation. This prime location in the Mecklenburg County submarket, specifically the NC - Charlotte Northeast / I-77 area, is experiencing significant growth, with over 750 multifamily units planned nearby, ensuring a vibrant and expanding customer base. The property's historic charm combined with modern amenities makes it an unparalleled opportunity for businesses seeking a high-profile address in a thriving community. This is a rare chance to secure space in a landmark building within a rapidly developing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 41,128 SF
Lot 3.59 ac (156,555 SF)
Zoning code TC
APN 521210
UPID US53-1166458

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
  • Alternative Medicine Practice Spiritual Center
  • Church
  • Furniture & Home Goods Home Decor Store
  • Take-out & Catering Catering Service
  • Training Center

Location

19725 Oak St Cornelius, NC 28031
Cornelius metro Census 6411 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
Last sale
$125,000
7 recorded transactions
2025
$125,000
2021
Price N/A
2021
$500
2020
Price N/A
2020
$854,500
2020
$95,000
2016
$625,000

Zoning & alternative use

TC · Cornelius, NC
Zoning description

The Town Center district is coded to encourage the redevelopment and expansion of the traditional town center. This center is intended to serve as the civic, cultural, and governmental hub of activity for the Cornelius c…

General category CIVIC_INSTITUTIONAL

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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