20230 Main St - Apartments FOR SALE


Cornelius, NC 28031
$700,000 USD
980-280-9271
20230 Main St, Cornelius, NC for Sale
$700,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

20230 Main St
Cornelius, NC 28031


HIGHLIGHTS

  • rare mixed-use opportunity
  • the property has begun renovations

OVERVIEW

A rare mixed-use opportunity in the heart of downtown Cornelius. Originally constructed as a duplex, the property has begun renovations, and the interior is currently in a roughed-out state, ready for a new owner to complete the build-out. The main level totals 2,545 square feet and offers potential for residential or commercial development. The basement totals 686 square feet and can support additional rentable workspace, storage, or expansion, in addition to the two-car rear load garage. The property’s NMX zoning supports a wide range of commercial and residential uses, making it suitable for office, live-work, short-term rental, or hybrid investment strategies. A wrap-around driveway provides excellent circuity with two access points along Main Street and rear parking. Located within close proximity the Town Cornelius, Antiquity, the Cain Center for the Arts, and multiple dining and entertainment options. Davidson College and I-77 are minutes away, ensuring strong long-term demand and visibility.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

2

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

NMX

APN/PARCEL ID

007-061-12

ASK ABOUT THIS PROPERTY

Jessica SmithCooper+McCainMore Info
980-280-9271

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Jessica SmithCooper+McCainMore Info
980-280-9271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.