122 Sherlock Drive

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122 Sherlock Drive

Statesville, NC 28625
Asking Price
$899K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spanning 2.94 acres for sale
  • Located at 122 Sherlock Drive in Statesville, North Carolina
  • Asset is situated in immediate proximity to I-40
  • Property sits adjacent to the Piedmont Health Center
  • Asking price for this commercial development site is $899,000

What's Special

This 2.94-acre parcel is available for sale, presenting a practical site for investors or developers focused on the Statesville commercial market. The land is strategically positioned with close proximity to I-40, offering significant logistical advantages for businesses that require regional accessibility within the Piedmont area. Given the site’s location near the Piedmont Health Center, the property is well-suited for professional office development, medical service facilities, or related commercial ventures seeking to capitalize on the steady growth of this North Carolina submarket. Its layout and accessibility provide a functional foundation for diverse commercial projects aimed at serving the local population. Investors and business owners will find this asset relevant for expansion or new construction projects requiring a high-visibility location near major transit corridors. The site’s connection to established infrastructure in Statesville supports long-term commercial use and development potential.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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