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Property profile & analytics
OFF-MARKET
Turn key restaurants

20239 Main St Cornelius, NC 28031-6501

1,383 SF 0.35 ac lot Built 1906
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US53-0066786
Property summary
AI-generated overview

This exceptional 1,501 square foot freestanding retail/office space is ideally situated on North Main Street, at the gateway to Cornelius' vibrant downtown and the Cornelius Arts District. Currently a "vanilla box" condition, the property offers significant potential for customization and will be ready for occupancy in Summer 2024. Ample parking is conveniently located behind the building. The location provides unparalleled access to a thriving community, boasting close proximity to the newly constructed Cain Center for the Arts, a diverse selection of restaurants and retail establishments, the scenic greenway, and the Antiquity Town Center. Benefit from the synergy of nearby significant developments, including the Novel Davidson apartment complex, the expansive Mill's Market mixed-use project, the Caroline residential development, and the Greenway Gartens, which will soon include a new Olde Mecklenburg Brewery facility. This property presents a unique opportunity to establish a presence in a rapidly growing and highly desirable area of Cornelius, North Carolina, zip code 28031. The single-tenant occupancy ensures privacy and control, making it perfect for a variety of businesses. This is a rare opportunity to secure a prime location in a flourishing community.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1906
Total area 1,383 SF
Lot 0.35 ac (15,421 SF)
Zoning code NMX
APN 317706
UPID US53-0066786
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
  • balanced energy Electrical Service Construction Company
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
The Burkhard Group LLC · 1 yrs held
The Burkhard Group LLC
since 2024
Last sale
$700,000
7 recorded transactions
2024
$700,000
2022
$250,000
2012
$118,000
2005
$159,000
1996
$17,500
1989
$17,500
1969
Price N/A
Zoning & alternative use
NMX · Cornelius, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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