$450000
Price cut: $50K (05-28-2025)
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Bed
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Bath
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SqFt
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12 DOM
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Built:
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.
Listing Provided Courtesy of Andrew Arthur, Sunline Realty Group
General Information
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126704531
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MultiFamily
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12 DOM
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0.34 acres
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CR
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Washington
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R753624
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Cornelius
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Tom McCall
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Forest Grove
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Land
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MultiFamily
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TALBOT'S ADDITION TO CORNELIUS, BLOCK 8, LOT 5-6 & PT 7, ACRES 0.34
Listing Provided Courtesy of Andrew Arthur, Sunline Realty Group
Mohan Realty Group data last checked: Jun 08, 2025 12:24 | Listing last modified May 28, 2025 11:13,
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