Property Description:
Nestled in historic Cornelius, just minutes from I-77 and a short drive to vibrant downtown Charlotte, this vacant 1921-built single-family home sits on a spacious 7,013?sq?ft lot. The buyer has full freedom to tear it down and build something spectacular in a market where demand for modern homes is soaring. There’s serious upside here—pull up curbside, make an offer, and close fast. Act quickly—properties like this get under contract lightning-fast in this high-growth area!
We’ve done the heavy lifting—vacant, and ready for immediate sale. Your next project starts here. Don’t let this one pass!
Property Highlights:
Lot Size: 7,013?sq?ft
Structure: 2 beds / 1 bath, 1,062?sq?ft SFH (circa 1921)
Vacant and ready for teardown/development
Nearby Schools & Amenities:
Zoned for Cornelius Elementary, Bailey Middle, and William Amos Hough High School
Minutes from Catawba Avenue’s shops, restaurants
Easy access to Lake Norman parks, marinas, and boating recreation
Quick hop onto I-77 and US 21, with downtown Charlotte ~20?minutes away
Financial Overview: Estimated ARV (new construction): $550,000?–?$650,000 Buy Now Price: $155,000 (about 25–28% of ARV) Projected Net Profit: $150K+ (after land cost, build, holding, and selling) Rent Zestimate®: $2,500–$3,000/month after new build or renovation
Property Specs & Condition:
Size: 1,062?sq?ft
Build: Historic wood-frame
Condition: Not habitable—ideal for redevelopment or custom build
Utilities: Available (sewer, city water, power)
Zoning: Single-family residential; check for infill/downzone options
ACTIVITIES IN THE AREA:
19626 Center St, Cornelius, NC 28031SOLD: $375K - 08/06/2024
19940 Oak Leaf Cres #23, Cornelius, NC 28031SOLD: $252K - 09/18/2024
Buy here for $155K, tear down the old house, and build a new modern 2–3 bedroom home or duplex. The lot’s proximity to Lake Norman and Charlotte big draw for buyers or renters, and the vacant status means you can close quickly and start building right away.
Submit a soft offer today. Close fast.
Don’t miss out—this is the kind of deal investors snap up in Cornelius’ hot market.