111/113 E Water Street, Statesville, NC 28677

Property Description

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).