For Sale
$1,495,000

1505 Front StStatesville, NC 28677

Prime Statesville location, 19,200 SF, six buildings.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use investment property, located at 1505 W Front St in Statesville, North Carolina, presents a unique opportunity. The property, formerly the Thor-Lo sock headquarters, boasts high visibility at The V-Point. Comprising six one-story buildings totaling 19,200 square feet of net rentable space, the property offers a diverse range of uses. The buildings primarily consist of office space, but also include a dedicated exercise room, a former hosiery production area, and ample basement storage. Built between 1952 and 1997, the property underwent renovations in 2010. A notable feature is a charming barn-like structure at the rear, approximately 4,000 square feet, ideal for events or additional storage. The 4.743-acre lot is zoned LI - Light Industrial, providing flexibility for various business ventures. The asking price is $1,495,000, translating to $77.86 per square foot. This owner/user opportunity is situated in Iredell County, NC, zip code 28677. The property's Class C designation reflects its potential for value enhancement through further improvements. This is a rare chance to acquire a substantial mixed-use property in a desirable Statesville location.

Highlights

  • Former Thor-Lo sock headquarters, highly visible at Statesville's V-Point.
  • Six one-story buildings totaling 19,200 square feet of net rentable space, primarily office, plus exercise room, former production area, and basement storage.
  • 4,000 square foot barn-like structure ideal for events or storage.
  • 4.74-acre lot, LI (Light Industrial) zoning.
  • $1,495,000 asking price ($77.86/SF).

Property Details for 1505 Front St

Property type
Office properties, Mixed-use properties
Square Feet
19,200 SF
Class
C
Year Built/Renovated
1952/2010
Buildings
6
Stories
1
Lot Size (sq. ft)
206,605 SF
Units
6

Location Insight

City
Statesville
County
Iredell
State
North Carolina
Latitude
35.7843511
Longitude
-80.9133483
1505 Front St, Statesville, North Carolina

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1505 Front St
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