Property summary
This exceptional 0.89-acre retail property presents a unique redevelopment opportunity in the heart of downtown Statesville, North Carolina. Strategically located just one block from the town square and Statesville High School, this site benefits from high visibility and excellent accessibility. The current zoning designation is Central Business District, offering considerable flexibility for a variety of commercial ventures. The property's central location ensures high foot traffic and proximity to a substantial population base. This makes it ideal for a range of uses, from restaurants and retail shops to professional offices or mixed-use developments. The substantial lot size provides ample space for new construction or significant renovation of an existing structure. Investors and developers will appreciate the potential for significant return on investment given the prime location and favorable zoning. This is a rare chance to acquire a key piece of real estate in a thriving downtown area poised for continued growth. The property is offered at $350,000, representing a compelling value for its size, location, and redevelopment potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The address is 232 N Center Street N, Statesville, NC.
Property profile
VerifiedCap rate & NOI
Current use
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Bakery Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Distri…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CBP · Statesville, NCHouses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Distri…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Houses of Worship, Storefront in CB and CBP Houses of Worship (storefront) shall be a permissible use within existing commercial buildings as an accessory use to the principal use of the property in the CB and CBP Distri…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBP in Statesville, NC.
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