Property profile

232 Ctr St 242 Statesville, NC 28677

OFF-MARKET
Office buildings
Property ID
US53-1258667
3,612 SF 0.89 ac lot Built 1939
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1939
Construction WOOD
Total area 3,612 SF
Lot 0.89 ac (38,768 SF)
Zoning code CBP
APN 4734-96-7864.000
UPID US53-1258667

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
  • Bakery Take-out & Catering

Location

232 Ctr St, Unit 242 Statesville, NC 28677-5236
Statesville metro Census 60500 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

CBP · Statesville, NC
Zoning description

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…

General category COMMERCIAL

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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