805 Center St Statesville, NC 28677

This exceptional investment opportunity presents a 39,517 square foot shopping center located at 805-859 N. Center Street in Statesville, North Carolina. The property, built in 1962 and situated on a 3.29-acre lot (APN 4735602492), features a single, one-story building with ten units and six tenants. Currently boasting 65% occupancy, the center generates a Net Operating Income (NOI) of $232,282, yielding an 8.30% capitalization rate. The asking price is $2,800,000. The property is zoned B-2 and benefits from a prime location on a busy road with a 14,000 vehicle per day traffic count. Its proximity to Interstate 40 and Charlotte, NC (40 miles away) enhances its accessibility and appeal. The center is anchored by a Dollar Tree, whose lease extends to August 30, 2026. Significant recent capital improvements exceeding $200,000 in 2024 alone, including roof repairs/replacement, facade enhancements, and parking lot resealing/restriping, demonstrate a commitment to maintaining the property's value. With minimal nearby competition, this shopping center offers a compelling blend of stable current income and substantial value-add potential through increased occupancy. This presents a rare opportunity to acquire a well-located, income-producing retail asset with a clear path to enhanced profitability.