1505 Front StStatesville, NC 28677

Property Details for 1505 Front St

Year built

1952

Lot size

4.74 AC

Property size (Sq ft)

19,200 SF

Property type

Office properties

Property subtype

Mixed-use properties

Description

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.

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.7844

Longitude

-80.9133

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