19701 Bethel Church Rd.201 & 202
Cornelius, NC28031

Cornelius Office Condo Investment-Suites 201 and 202 For Sale

For sale are two tenant occupied office condos used as one, located on the second floor. These suites are served by both stairs and elevator. You wont find a better location, just off Catawba and Bethel Church. Suite sizes are 1,236 and 1,134 totaling 2,380 RSF of office combined office space. Features include 8 offices, large work area, 2 bathrooms, kitchenette and various storage closets. Suites can be accessed from both the front and back of the building. 6.79 Cap Rate!

$729,000

Commercial
MLS#: 4336448

2380 sqft

Lot: 0.47acres Year built: 2002

• Address: 19701 Bethel Church Road, Suites 201 and 202, Cornelius 28031

• County PIN: 00512320 and 00512321

  • https://polaris3g.mecklenburgcountync.gov/pid/00512320
  • https://polaris3g.mecklenburgcountync.gov/pid/00512321

• Space is leased through 2/28/27. Tenant states they are willing discuss extending lease.

• Income:
  • $59,400 annual ($4950/month with 3% annual escalations)

• Expenses:

  • Property Taxes-  Currently $1651.19 for suite 201 and $1704.45 for suite 202

  • HOA Dues- Currently $292.22 for Suite 201 and $250.64 for Suite 202.  Building insurance is included in the HOA dues along with building common area maintenance fees, building exterior maintenance, water and common trash.

  • Total is $9,869.96

• NOI: $49,530.04 (6.79 CAP Rate)

Brochure Link https://www.charlottenccommercial.com/files/brochure/BethelChurchFlyer.pdf