2327 Shelton Ave Statesville, NC 28677

11,460 SF 2.72 ac lot Built 1970

Individually Owned 31-yr Hold Absentee Owner Free & Clear

Property ID

US53-3568395

$460,000 11,460 SF

2327 Shelton Ave, Statesville, NC 28677
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This exceptional investment opportunity presents a ten-unit strip mall situated on a prominent 2.72-acre lot in Statesville, North Carolina. Boasting nearly 500 feet of road frontage along Highway 21, this property enjoys high visibility and excellent accessibility. The building features two levels, each housing five units, with the potential for expansion to eleven units. Currently, two upstairs units have been combined. Each unit is equipped with a restroom, and several include kitchens. Individual power meters ensure efficient utility management. The property utilizes a septic system and city/county water. Zoned Neighborhood Business, this versatile property allows for a wide range of commercial uses. While some repairs and updates are needed, this factor is reflected in the attractive asking price. This presents a unique chance to acquire a well-located commercial property with significant upside potential. Note that the owner is also selling an adjacent 3.58-acre parcel (MLS 4213421), offering an opportunity to expand the property's footprint. The property's location near the approved 774-acre Wakefield Village residential/retail development in Barium Springs further enhances its long-term value and growth prospects. This is a prime opportunity for investors seeking a strong return in a rapidly developing area.