2313 W Front St

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2313 W Front St

Statesville, NC 28677
Asking Price
$1.95M
Asset Type
Industrial
Class
Class B

What's Special

2313 W Front St is located in a mixed-use industrial and commercial corridor west of downtown Statesville, North Carolina. The neighborhood features a blend of established manufacturing facilities, logistics hubs, and local service businesses. The property provides logistical advantages due to its proximity to the intersection of Interstate 40 and Interstate 77, allowing for efficient regional transit. Local amenities include nearby retail centers, dining options, and fuel stations catering to commercial fleets. This industrial asset is suited for small-to-midsize enterprises requiring functional warehouse or light manufacturing space. Ideal use cases include regional distribution, commercial repairs, specialty fabrication, or contractor storage yards. Typical tenants for this location include logistics providers, construction trade firms, and wholesale suppliers seeking a central hub with direct access to major North Carolina transportation arteries.

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NOI
$80,000
Cap Rate
4.10%
DSCR
0.69
Underwater
Cash-on-Cash
-6.11%
Monthly Payment
$9,647.536
Annual Cash Flow
$-35,770.433

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