Property • Land
Web ID # 126704531
$500,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.
Head north on N 10th Ave from Baseline. Turn left on N Davis Street. Turn right on N 14th Ave.
Dwelling Type: Land
Subdivision:
Year Built: , County: US
Head north on N 10th Ave from Baseline. Turn left on N Davis Street. Turn right on N 14th Ave.
Virtual Tour
Listing is courtesy of Sunline Realty Group
