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 Place is situated in Cornelius, North Carolina, within the Lake Norman submarket. The property is located near the intersection of West Catawba Avenue and Jetton Road, a primary commercial corridor characterized by a mix of upscale residential neighborhoods and established professional centers. Nearby amenities include various grocery-anchored shopping centers, dining establishments, and public parks. The location offers direct access to Interstate 77, providing a transit link to both regional business hubs and the greater Charlotte metropolitan area. The building is suited for boutique retail, specialty services, or local consumer-facing businesses. Ideal use cases include artisanal shops, fitness studios, or professional showrooms that benefit from the area’s high-income demographics. Typical tenants for this asset profile generally include established local entrepreneurs or regional franchise operators seeking visibility within a high-traffic suburban retail environment. The floor plan provides versatility for retailers requiring localized storefront presence with convenient customer parking.

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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

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