233 Davie AveStatesville, NC 28677

Property Details for 233 Davie Ave

Year built

1911

Lot size

0.14 AC

Property size (Sq ft)

2,846 SF

Zone code

O-1

Property type

Office buildings

APN

4744-06-8618.000

APU

4744068618000

Description

This exceptional 2,614 square foot office building is ideally situated in the heart of Downtown Statesville, directly across from the Iredell County Courthouse. The property boasts eight individual offices, perfect for a variety of professional uses. A convenient break room, three bathrooms, and a welcoming waiting area cater to both staff and clients. The main level features five offices showcasing original hardwood floors, decorative fireplaces, and a carpeted hallway, all bathed in natural light from large windows. Three additional offices, each with ample storage and walk-in closets, are located on the second floor, which also includes a bathroom. The building offers versatile access points, with entrances on Davie Avenue and Water Street via a basement bay door. Unconditioned storage is available in the basement. Parking is conveniently located at the rear of the building, facing Water Street. This 0.14-acre property enjoys a prime location, offering easy access to major transportation arteries, including I-77 and I-40, making it an excellent investment opportunity. The building's classic features combined with its modern conveniences make it a truly unique and desirable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $686,102

  6.5%

  $633,325

  7%

  $588,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $481,942

  Geo Method

  $481,942

• Alternative Use

  Use

  Valuation

  Residential

  $785,323

  Hospitality

  $719,352

  Educational

  $598,492

  Medical

  $619,075

  Retail

  $930,988

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.787

Longitude

-80.8856

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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