Redevelopment Opportunity
9 Unit Apartment Building | $1,900,000 ($211,111/Unit) | Cornelius, NC 28031
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $1,900,000
- Property Type
-
Multifamily
- Square Feet
- 8,639 SF
Listing Contacts
Kristen Ingram
Verified Profile
Gordon Allebach
Verified Profile
- Property Info
Property Overview
• Great Redevelopment Opportunity right in Downtown Cornelius!
• Part of Future Downtown Master Plan and Located in Downtown District
• 2 parcels: 1.15 +/- Acres Zoned TC (Town Center)
• Asking Price: $1,900,000 PRICE IMPROVEMENT!
• Ideal for Mixed Use
• Level Topography
• Walking Distance to Downtown Cornelius, Town Hall, Police Department, Restaurants, Cain Center for the Arts, Oak Street Mill Village, Retail and more!
• The Venue is located next door (under construction): 70 Apartments and 6,000 SF Ground Floor Retail, Restaurant, Commercial, and Office Space in 1 – 5 Story Building
• Mills Market is located right off Catawba and Meridian Street (approved): 238 Multi Family Units and 12,000 SF Commercial Use. 5 Story Building (4 stories from Catawba) will have commercial on 1st Floor and Residential on remaining stories.
• Cain Center for the Arts: Located right off Catawba: A Community Arts Hub for Visual Arts, Performing Arts, and Social Experiences in NC LKN region.
• Greenway Gartens (approved): 448 residential units and 44,000 square feet of non-residential space. The Current Phase shows 346 multi-family units with 14 townhomes, along with up to a 14,000 square foot micro-brewery, restaurant/brewpub, and tap room; up to 10,000 square foot indoor events/gathering facility; and up to 10,000 square feet of commercial space. The Future phase contains an additional 88 residential units and an additional 10,000 square feet of commercial space.
• Caroline (approved): 180-unit active adult/age restricted multi-family and 110 unrestricted multi-family units in the Current Phase
• 19612 Oak Street: Parcel ID: 00521110: Currently has 9 Apartment Units on parcel.
• 19630 Oak Street: Parcel ID: 00521101: Currently has 1 Single Family home on parcel.
APARTMENT UNITS AND HOUSE ARE CURRENTLY VACANT
• 2023 Average Household Income 5 mile: $135,143
• 2023 Population 5 mile: 94,658
• NCDOT AADT 2018: S. Main Street, Cornelius: 19,500 VPD
• NCDOT AADT 2016: Catawba Ave, Cornelius: 14,000 VPD
• https://www.cornelius.org/DocumentCenter/View/3331/CH-05-Zoning-and-Use-Regulations?bidId=
• Part of Future Downtown Master Plan and Located in Downtown District
• 2 parcels: 1.15 +/- Acres Zoned TC (Town Center)
• Asking Price: $1,900,000 PRICE IMPROVEMENT!
• Ideal for Mixed Use
• Level Topography
• Walking Distance to Downtown Cornelius, Town Hall, Police Department, Restaurants, Cain Center for the Arts, Oak Street Mill Village, Retail and more!
• The Venue is located next door (under construction): 70 Apartments and 6,000 SF Ground Floor Retail, Restaurant, Commercial, and Office Space in 1 – 5 Story Building
• Mills Market is located right off Catawba and Meridian Street (approved): 238 Multi Family Units and 12,000 SF Commercial Use. 5 Story Building (4 stories from Catawba) will have commercial on 1st Floor and Residential on remaining stories.
• Cain Center for the Arts: Located right off Catawba: A Community Arts Hub for Visual Arts, Performing Arts, and Social Experiences in NC LKN region.
• Greenway Gartens (approved): 448 residential units and 44,000 square feet of non-residential space. The Current Phase shows 346 multi-family units with 14 townhomes, along with up to a 14,000 square foot micro-brewery, restaurant/brewpub, and tap room; up to 10,000 square foot indoor events/gathering facility; and up to 10,000 square feet of commercial space. The Future phase contains an additional 88 residential units and an additional 10,000 square feet of commercial space.
• Caroline (approved): 180-unit active adult/age restricted multi-family and 110 unrestricted multi-family units in the Current Phase
• 19612 Oak Street: Parcel ID: 00521110: Currently has 9 Apartment Units on parcel.
• 19630 Oak Street: Parcel ID: 00521101: Currently has 1 Single Family home on parcel.
APARTMENT UNITS AND HOUSE ARE CURRENTLY VACANT
• 2023 Average Household Income 5 mile: $135,143
• 2023 Population 5 mile: 94,658
• NCDOT AADT 2018: S. Main Street, Cornelius: 19,500 VPD
• NCDOT AADT 2016: Catawba Ave, Cornelius: 14,000 VPD
• https://www.cornelius.org/DocumentCenter/View/3331/CH-05-Zoning-and-Use-Regulations?bidId=
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Lot Size (sq. ft)
- 50,094 SF
- Units
- 9
Highlights
- Downtown Cornelius
- Redevelopment Opportunity
- Walking Distance to Shopping, Entertainment and Food
- Great Location
- Level Topo
Nearby Properties
Similar Properties
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