111/113 E Water Street Statesville, NC $ 591,000
111/113 E Water Street
$ 591,000
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111/113 E Water Street

Statesville, NC, 28677
$ 591,000
Bedrooms-- Baths3.0 Sq 7,335

Monthly Estimate*

$ 4,082

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Commercial Property for sale in Statesville, NC

for $591,000 with 3 full baths. This 7,335 square foot building was built in 1950 on a lot size of 0.17.

This commercial/retail property is located at 111/113 East Water Street within the city limits of Statesville, North Carolina, inside the revitalized and growing central business district. Downtown Statesville, positioned in the Piedmont area of the state, sits approximately one hour north of Charlotte and forty-five minutes southwest of Winston-Salem. On a regional scale, the property is situated within the Charlotte-Concord-Gastonia Metropolitan Statistical Area, while the City of Statesville establishes the boundaries of the immediate local market area. Statesville is also the county seat of Iredell County, the second fastest growing county in the State of North Carolina in the past year. 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).

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Commercial Active

Price

$ 591,000

Full Bath

3

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.17

Year Built

1950

Town/City

Statesville

County/Region

Iredell

MLS | Web ID

4432443

Features
General
Sewer Public Sewer
Heating Central Electric Forced Air Heat Pump Natural Gas
Cooling Central Air Electric
Utilities Cable Available Cable Connected Electricity Connected Natural Gas
Development Status Completed
Zoning CB
Security Features Smoke Detector(s)
Construction Materials Brick Full
Year Built 1950
View City
Stories Count 2
Property Subtype Retail
Parcel Number 4734-96-9561.000
Elevation 0
Waterfront Features None
County Iredell
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
Building Features Front Elevation
City Statesville
Senior Community Y/N N
Open Parking Spaces 6
Number Of Units Total 2
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 313530
Listing Terms Cash Conventional Exchange
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Interior
Basement Exterior Entry Partial Storage Space
Flooring Carpet Concrete Vinyl
Basement (Y/N) Y
Window Features Display Window(s)
Below Grade Finished Area 0
Total Baths 3
SqFt Garage 0
Number Of DocksTotal 0
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Exterior
Parking Features Parking Space(s)
Lot Features Sloped
Water Source City
Total Parking 6
Inclusions Building Fixtures Land
Lot Size Area 0.17
Foundation Details Basement Slab
Number of Buildings 1
Building Area Total 7335
Road Surface Type Paved
Other Parking Six (6) parking spaces located on the west side of the building. A large public parking lot is located across the street from the building.
Covered Spaces 0
Road Responsibility Publicly Maintained Road
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* Excluded Features
List By
Kendall Real Estate

Broker

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$4,082
Per Month
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Monthly Principal & Interest
$4,082
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$591,000 Listed Price

Map


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111/113 E Water Street, Statesville, NC, 28677 is a Commercial Property for sale at $591,000 with 7,335 sqft and a lot size of 0.17. 111/113 E Water Street has 3.0 baths and was built in 1950. The property's zip code is 28677 which is in Statesville, NC