3 Baths
7,405 Sqft Lot
3 Baths
7,405 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4432443
Construction Status Completed
Year Built 1950
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Retail
Property Description
This multi-tenant building is situated on a 0.17-acre parcel identified by parcel number 4734-96-9561.000. It features 4,925 square feet of main level retail space along with a 2,410 square foot basement. The building is divided into two distinct operating units. The unit at 113 East Water Street is occupied by a martial arts studio and encompasses 3,115 square feet of main level retail space and 1,950 square feet of basement space. The unit at 111 East Water Street operates as a salon and includes 1,810 square feet of main level retail space and 460 square feet of basement space.
The immediate downtown area surrounds the property with a highly walkable historic commercial center filled with independent shops, restaurants, and civic amenities. Retail options include local specialty shops like the Branded Peach Boutique and Bee and Barrel, alongside long-standing anchors like First Flight Bicycles. The neighborhood dining scene features established gathering spots such as the 220 Cafe, Lake Mountain Coffee, Twisted Oak American Bar and Grill, and the Bristol Cafe and Catering. Cultural attractions and community gatherings are anchored by nearby landmarks like the Historic Sharpe House, while the designated downtown social district permits pedestrian-friendly shopping and regular seasonal entertainment like the annual Statesville Pumpkin Fest.
The Iredell County median household income is $81,419 rising 4.71% in the last year. This contrasts with a 2025 state median household income increase of 3.55% to $72,388 and a national median increase of 2.80% to $80,734. Labor market conditions remain favorable for commercial activity, as the regional metropolitan statistical area reports a low unemployment rate of 3.30%.
A more detailed prospectus describing this property is attached to the Multiple Listing Service (MLS) post and can be obtained by contacting the listing brokers or any individual that subscribes to the Canopy MLS (NC and SC).
Location
State NC
County Iredell
Zoning CB
Rooms
Basement Exterior Entry, Partial, Storage Space
Interior
Heating Central, Electric, Forced Air, Heat Pump, Natural Gas
Cooling Central Air, Electric
Flooring Carpet, Concrete, Vinyl
Inclusions Building, Fixtures, Land
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas
Waterfront Description None
View City
Street Surface Paved
Total Parking Spaces 6
Building
Lot Description Sloped
Dwelling Type Site Built
Foundation Basement, Slab
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition None
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Broker / Team Lead License ID: 299578