18206 Manhatten Pkw

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18206 Manhatten Pkw

Cornelius, NC 28031
Asking Price
$1.65M
Asset Type
Retail
Class
Class B

What's Special

18206 Manhatten Parkway is located in Cornelius, North Carolina, within the Lake Norman submarket. The property is situated in a developed commercial corridor characterized by a mix of professional services, residential neighborhoods, and retail centers. It offers proximity to Lake Norman’s primary recreational areas and the high-traffic West Catawba Avenue thoroughfare. Access to Interstate 77 is less than two miles away, providing a direct connection to the greater Charlotte metropolitan area. The site is well-suited for neighborhood-serving retail, boutique showrooms, or medical office conversions. Given the surrounding demographics, typical tenants include fitness studios, specialty food and beverage providers, and service-oriented businesses such as salons or veterinary clinics. The property’s layout and location cater to local businesses seeking visibility within a steady suburban consumer base.

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NOI
$80,000
Cap Rate
4.84%
DSCR
0.81
Underwater
Cash-on-Cash
-3.66%
Monthly Payment
$8,181.111
Annual Cash Flow
$-18,173.327

Location & Travel Times