2313 W Front St Statesville, NC 28677
Exceptional commercial property with strong value-add potential. Zoned LI which covers many different types of businesses, including manufacturing. Close proximity to I40 and I77. 4.43 acres of land with two +/ - 7,500 sq ft warehouses. Additional land on-site perfect for additional buildings/outdoor storage. Ample parking. There are 15 - 10x10 storage units and 30 - 5x10 storage units that creates a sturdy investment opportunity. Proforma income on the storage units alone is $3k month. Each warehouse has built out office space that’s heated and cooled. Both buildings have a men's and women's restroom and break room. Loading dock on each building with 2 roll up doors on each. Good clear height in the warehouses. Building #2 has been completely renovated from the office space and kitchen to the showroom. There is ample opportunity here for an investor only or for an owner-operator that wants to occupy space and lease the additional space. Owner financing potentially available with agreeable down payment and terms.
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Westside Twins Motorcycle Company Auto Repair Shop Motorcycle Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.