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2329 Davie Ave - +/- 3.7 acres, Statesville, B5 zoning

3.7 Acres of Commercial Land Offered at $950,000 in Statesville, NC 28625

Investment Highlights

  • Sits along Davie Ave and near I-40, with medical facilities in close proximity in either direction and rooftops nearby.
  • Flexible zoning for general commercial use.
  • Gently sloping topo, generally cleared and grassy behind two small commercial structures on 190' Davie Ave. frontage.
  • Can be redeveloped, or used as investment property.

Executive Summary

One of the two improvements on Davie Ave. is now vacant, the second planned to be vacated. Property can be redeveloped, can be re-leased and used as investment property, or both. Subject property abuts a popular independent living community.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $950,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Apartment Units - Senior
Total Lot Size 3.70 AC

1 Lot Available

Lot

Price $950,000
Price Per AC $256,757
Lot Size 3.70 AC

Very gentle slope, fronts on Davie Ave, also accessed at rear from International Dr. Two commercial structures included on Davie Ave. Old SFR in rear at International Dr., no value assigned.

Description

A +/- 3.7 acre commercially zoned parcel, located along Davie Ave. and in close proximity to I-40. Various commercial and residential zoned areas surround this site, per the attached zoning map (Neighborhood Business, Office & Institutional Complex, Office Single Lot, Moderate-Density Residential, Higher-Density Residential, and on north side of I-40 is Light Industrial). Contact agent for list of allowed uses in B5 zoning. Sits adjacent to Cardinal Village, an independent living community. Adjacent industrial site to the northeast of the subject property is being temporarily used for the I-40 improvements, and is to be vacated upon completion. One of the three improvements is now vacant and the other two will be vacated soon. $3,954 annual R/E tax. Subject property can be redeveloped in a manner compatible with the independent living community beside it. Utilities at the site - city sewer, Iredell Water Corp. water.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4755-14-3591.000
Land Assessment
$236,800 (2023)
Improvements Assessment
$154,600 (2023)
Total Assessment
$391,400 (2023)
Annual Taxes
($1)
Tax Year
2022

zoning

Zoning Code B5 (Business Secondary is General Commercial)
B5 (Business Secondary is General Commercial)
  • Listing ID: 28318991

  • Date on Market: 4/25/2023

  • Last Updated:

  • Address: 2329 Davie Ave, Statesville, NC 28625

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