Experience Commercial Real Estate Opportunities Around Stunning Lake Norman
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Photo Credit: Lake Norman & Cowans Ford Dam (North Carolina, USA) 1 by James St. John, licensed under CC BY 2.0
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Main Cities Around Lake Norman
Your Neighbors in Lake Norman, NC
Find Commercial Real Estate in North Carolina Near the Water
There are many benefits to living on the water, and most Americans aren’t shy about their desire to be close to the lake if possible. When you’re living on the water, you get to be close to nature, your neighbors are limited, and water is actually scientifically proven to improve calmness and health. It’s no wonder that the demand for waterfront property is so high, and Lake Norman is no exception.
Because of the more significant demand for waterfront real estate, the highest household incomes around Charlotte are concentrated in the Lake Norman area. This includes the cities of Huntersville, Cornelius, Davidson, and Mooresville – all of which you’ll pass as you head up I-77 – as well as Denver, to the west of the Lake.
From a residential standpoint, anything surrounding Lake Norman tends to have a higher price point. However, commercial real estate is also highly valued around this beautiful community.
The lake community offers plentiful opportunities for office, industrial, flex, and retail space. Much of the commercial space in the local market is concentrated east of I-77 on the non-lake side. This area is a bit less developed with more affordable land. It offers easy access to the interstate while also providing a slightly slower pace and quieter environment than the center of Charlotte.
The west side of I-77 is mostly residential and retail (servicing residential) along the miles of shoreline that beautiful Lake Norman offers.
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The Lake Norman Neighborhood
Lake Norman, the largest man-made body of water in North and South Carolina, was created in 1963 by Duke Power Company (now called Duke Energy). It features 520 miles of shoreline sprawled among four different counties: Iredell County, Catawba County, Mecklenburg County, and Lincoln County.
Locals love Lake Norman and the many water activities that are popular on it – including fishing, boating, swimming, paddleboarding, and more.
More than just the water though, the towns around Lake Norman are packed with entertainment, shopping, and dining opportunities. In the motorsports industry, many NASCAR race teams have a presence in the Mooresville area, and many drivers live in the area.
Other popular attractions include Davidson College, the Carolina Raptor Center, plentiful hiking, biking, horseback riding, golfing, and playground opportunities, and so much more.
Lowe’s Home Improvement Center is also headquartered in Mooresville, which attracts a number of home improvement vendors to this area.
Investment Opportunities in Lake Norman
People have always been drawn to the peaceful serenity of living on or near a lake, and there’s no sign of these gorgeous bodies of water losing their draw any time soon. Lake Norman is a highly-sought-after Charlotte neighborhood, making it an excellent place to invest in the commercial real estate market.
Whether you’re a business owner looking for a new facility that provides easy access to the highway, the city, and the Charlotte Douglas International Airport, or you’re searching for a great opportunity on investment properties with great visibility and peaceful surroundings, Lake Norman offers a wide variety of commercial property options.
And although the waterfront properties are limited, fortunately, the east side of the lake especially still offers opportunity for development, as well as many options for existing office, industrial, flex, and retail real estate.
The five best cities for commercial real estate and investment around Lake Norman include Huntersville, Cornelius, Davidson, Mooresville, and Denver.
The Economy of Huntersville, NC
Huntersville is a larger city of over 61,000 people. In fact, it’s the 15th-most-populous municipality in North Carolina. There are approximately 33.3K people employed by the economy of Huntersville. Some of the top employment opportunities include the fields of finance & insurance, health care & social assistance, and professional, scientific, & technical services. Huntersville is also home to Joe Gibbs Racing, a popular NASCAR organization.
Learn More About Cornelius, NC
The suburb of Cornelius is a more conservative area with excellent parks and schools. It has a population of over 31,000 people. This area employs approximately 16.1K people, with many job opportunities in health care & social assistance, professional, scientific, & technical services, and retail trade. The highest paying jobs in Cornelius are generally in the finance industry.
The City of Davidson, NC
The presence of Davidson College in Davidson, NC has contributed significantly to its history and growth. When the college was established in the 1830s, Davidson began to develop its unique feel that differentiated it from the other nearby railroad towns. Davidson now has a population of over 15,000, with a high median property value of $572,300. Major employers include Trane Technologies, MSC Industrial Supply Co., Ingersoll Rand, and Davidson College.
What You Should Know About Mooresville, NC
With over 50,000 people, Mooresville is the most populated municipality in Iredell County. It’s very well known for its NASCAR teams and as the headquarters of Lowe’s Home Improvement. Popular industries in Mooresville include retail trade, manufacturing, and health care & social assistance. Mooresville employs approximately 25.9K people.
Primary Industries of Denver, NC
The city of Denver was known as “Dry Pond” until it was renamed in 1873. Denver is a smaller city with a population of just a little over 2700 people. Denver boasts beautiful views, small-town charm, and a friendly community. Denver employs approximately 1.42K people. Its primary industries are health care & social assistance, retail trade, and educational services.
Office Space in the Lake Norman Neighborhood of Charlotte
The Lake Norman communities offer a variety of office building options – ranging throughout Class A, Class B, and Class C categories. Whether you’re looking for private offices, an office suite with a conference room, or a medical office with plenty of parking lot space, there are numerous options available around this charming community of North Carolina.
Although pricing in Lake Norman tends to be high for residential properties, office properties can be quite affordable in the Huntersville, Cornelius, Davidson, Mooresville, and Denver cities. Properties for sale generally tend to fall into the 1,000 – 6,000 square foot range, and cost approximately $334/sf. Office properties for rent average at around $24/sf/yr.
Industrial Space in the Lake Norman Neighborhood of Charlotte
Due to the presence of the Lowe’s Home Improvement Center Headquarters in Mooresville, the Lake Norman area is actually quite popular for industrial space. Because of the Lowe’s headquarters, a lot of other businesses in the home improvement field have made their home nearby.
Many business people also enjoy the industrial options that these neighborhoods offer because of the close proximity to the highway and relative proximity to the city, while also providing more breathing space away from the heart of Charlotte. Mooresville – one of the most northern lake cities – is about 30 miles from Uptown, Charlotte.
The industrial space opportunities around this area vary greatly in square footage options and building classes. From industrial parks to standalone buildings, you’ll have plenty of options in this diverse industrial area.
On average, industrial real estate costs around $218/sf in these neighborhoods. For rental properties, you can expect to pay around $14/sf/yr. While there are a few larger buildings, most range from 2,000 – 8,000 square feet.
Warehouse Space in the Lake Norman Neighborhood of Charlotte
Warehouse space is also popular in this neighborhood, and benefits from the close access to I-77 running north and south.
Denver Business Park is one of the larger concentrations of warehouse space around these cities, but there are truly plenty of options sprinkled throughout the industrial areas of the Lake Norman towns. Pricing averages $15/sf/yr for rental properties, and $464/sf for properties for sale.
Most of the warehouses in these neighborhoods fall into Class B or Class C and run between 3,000 – 10,000 square feet.
Flex Space in the Lake Norman Neighborhood of Charlotte
The Lake Norman neighborhoods offer a variety of flex space options, with the majority of the flex properties being concentrated around the northern Mooresville area. From properties within flex business parks to more unique standalone buildings, our team at Regent CRE can help you find your ideal flex real estate property around the beautiful Lake Norman.
Flex spaces for sale in this region average at around $215/sf. If you’re looking for a rental property, you can expect to pay around $15/sf/yr.
Retail Space in the Lake Norman Neighborhood of Charlotte
Retail properties are sprinkled around the lake, with a high concentration of retail in the busier city of Mooresville. With lots of retail strip center options like Mooresville Crossing, Winslow Bay Commons, and Port Village Shopping Center, and numerous shops around downtown Mooresville, this area boasts lots of shopping choices for locals and visitors alike. Local consumers enjoy the variety of opportunities for browsing and shopping, many within walking distance of one another.
Mooresvillle isn’t the only part of this area that has shopping opportunities, though. Birkdale Village in Huntersville, Oak Street Mill (an antique shop) in Cornelius, NorthCross Shopping Center in Huntersville, and many smaller shops in the downtown areas and beyond attract crowds of shoppers regularly.
Whether you’re looking for a standalone building or square footage as part of a retail strip center, the Lake Norman neighborhoods hold lots of opportunity for your next retail real estate investment. With a higher than average household income, this wealthier area of North Carolina is a strategic choice for your next retail space.
For pricing, you can expect to pay an average of $340/sf, or $28/sf/yr for rental properties.
Industrial Outdoor Storage (IOS) Space in the Lake Norman Neighborhood of Charlotte
Although this area is well known for high-end residential properties and shopping opportunities, it’s also home to a variety of options for industrial outdoor storage space. The more spread-out nature of these cities offers both residential living areas and more rural parts of town that have more land available for industrial business. In terms of IOS space, however, most properties are closer to one acre – on the smaller side of IOS options.
The presence of the Lowe’s Home Improvement Headquarters and other home improvement businesses is another reason why industrial space is popular in this area. And because of this, much of the industrial and IOS space is filled by home improvement vendors.
Your Neighbors in Lake Norman, NC
From large corporations to small boutiques, the Lake Norman community is an area brimming with opportunity and industry, while the peaceful waterfront views bring a sense of calm and beauty to the landscape. Here are some of your neighbors when you step into your new commercial real estate space in the Lake Norman community.
- Ingersoll Rand – Davidson
- Davidson College – Davidson
- Novant Health – Huntersville
- Metrolina Greenhouses – Huntersville
- Joe Gibbs Racing – Huntersville
- Rubbermaid Commercial Products Headquarters – Huntersville
- Griffin Brothers Companies – Cornelius
FAQs About the Lake Norman Area Near Charlotte
Is there vacant land available around Lake Norman?
Yes. While the waterfront areas near Lake Norman are largely built up already, the east side of I-77, the side further from the lake, still has quite a bit of opportunity for commercial development. The Lake Norman community also offers a number of existing commercial buildings available for lease and sale.
What type of commercial real estate is available around Lake Norman?
The cities around Lake Norman offer commercial properties for sale and lease in every category of real estate. Whether you’re looking for office, industrial, warehouse, flex, retail, or IOS space, the Lake Norman area has something to offer.
Is commercial property expensive near Lake Norman?
On average, it costs about $19 per square foot to lease commercial property near Lake Norman, and about $314 per square foot to purchase property.
Keep in mind that the cost to lease or buy in any area depends largely on the category of commercial real estate (office, industrial, warehouse, flex, retail, or industrial outdoor storage).
Although Lake Norman is an affluent area, commercial property is surprisingly affordable.
How far is Lake Norman from the airport?
Lake Norman is about 25 miles north of the Charlotte Douglas International Airport, one of the top 10 busiest airports in North America. It only takes about 30 minutes to drive from Lake Norman to the airport, making this area highly convenient for business travel.
How far is Lake Norman from Uptown, Charlotte?
Lake Norman is only about 20 miles north of Charlotte center city, making it a popular destination for many residents around the greater Charlotte area.
Tap Into Regent CRE’s Commercial Real Estate Expertise
At Regent Commercial Real Estate, we have the experience, knowledge, and network of connections to make your commercial real estate buying experience as seamless and hassle-free as possible. But what sets us apart is not just our prestigious real estate credentials or our nearly 1000 transactions closed, but our genuine interest in the needs of our clients. Throughout the commercial real estate transaction process, it’s our priority to truly understand your needs so that we can help you find, negotiate, and close on the ideal space for your long-term business goals.
As a CCIM– and SIOR-designated commercial real estate broker, Brian Smith provides unmatched expertise, whether you’re looking to buy, sell, lease, or invest.
Choose Regent Commercial Real Estate as your local experts for your next Charlotte commercial property. Contact us today to find out how we can help in your real estate journey.
