19707 Liverpool PkwyCornelius, NC 28031

Property Details for 19707 Liverpool Pkwy

Year built

1996

Lot size

1.05 AC

Property size (Sq ft)

6,063 SF

Zone code

HC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

527112

APU

527112

Description

This exceptional 6,000-square-foot restaurant building presents a unique opportunity in the thriving Cornelius, North Carolina market. Situated on a 1.08-acre lot, this single-story property boasts 57 parking spaces, a significant advantage given city parking restrictions. Its convenient location on Liverpool Parkway places it just one parcel away from the high-traffic Catawba Avenue intersection, a key area for commercial and retail development. The property is zoned HB, offering favorable development potential. The building's previous use as a restaurant provides a solid foundation for a variety of food service concepts or potential repurposing. The ample parking and prominent location ensure high visibility and accessibility for customers. The substantial lot size offers flexibility for expansion or outdoor seating areas. This property is ideally suited for an entrepreneur seeking a well-positioned space in a bustling commercial hub. The existing infrastructure minimizes upfront investment, allowing for a quicker start to operations. With its prime location and substantial size, this property represents a compelling investment opportunity in a rapidly growing area. The one-acre lot provides significant potential for future development or expansion, further enhancing its long-term value. This is a rare chance to acquire a turnkey restaurant space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,148,616

  6.5%

  $1,983,337

  7%

  $1,841,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,587,305

  Geo Method

  $2,587,305

• Alternative Use

  Use

  Valuation

  Residential

  $1,673,019

  Hospitality

  $1,532,477

  Educational

  $1,275,003

  Medical

  $1,318,852

  Retail

  $1,983,337

Location Insight

City

Cornelius

County

Mecklenburg

State

North Carolina

Latitude

35.4818

Longitude

-80.8782

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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