Trust Owned Property summary
The property is a parcel of commercial land located on Catawba Avenue in Cornelius, positioned near downtown Cornelius and close to the Cain Center for the Arts, as well as surrounding retail and dining. The site is within an NMX zoning classification, which allows a range of mixed-use development concepts such as office and retail uses, live-work arrangements, and short-term rental opportunities, subject to applicable town approval. The listing also indicates nearby access to greenways and parks and a commute within the area to Davidson College, Lake Norman, and Interstate 77. The parcel is described as suitable for redevelopment that combines commercial and residential uses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Neighborhood Mixed Use (NMX) district is coded to provide a mix of commercial and residential activities at the function center of neighborhoods. Small-scale multi-family developments may be allowed subject to a cond…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NMX · Cornelius, NCThe Neighborhood Mixed Use (NMX) district is coded to provide a mix of commercial and residential activities at the function center of neighborhoods. Small-scale multi-family developments may be allowed subject to a cond…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Neighborhood Mixed Use (NMX) district is coded to provide a mix of commercial and residential activities at the function center of neighborhoods. Small-scale multi-family developments may be allowed subject to a cond…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NMX in Cornelius, NC.
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