118 James Farm Road, Statesville, NC
$2,000,000
Listing courtesy of Mooresville Commercial Realty (Sarah Payne). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
The strategic importance of the northern I-77 corridor is best exemplified by this prominent commercial site at the signalized intersection of James Farm Road and Turnersburg Highway. Positioned at the center of Statesville’s most disciplined growth trajectory, the parcel benefits from a daily traffic volume of approximately 22,000 vehicles and immediate proximity to the I-40 interchange. The current ownership is prepared to divide the tract, offering uncommon flexibility for bespoke retail, medical, or mixed-use developments within a submarket increasingly defined by sophisticated infrastructure improvements and institutional-grade residential expansion. For the private investor, the area’s maturation is underscored by recent approvals for high-volume neighbors and a newly signalized intersection, ensuring permanent logistical advantages. The offering is available via traditional acquisition, ground lease, or build-to-suit arrangements, providing a versatile entry point into a rapidly appreciating regional hub. Inquiries regarding specific site plans and acquisition structures may be directed to Peters & Associates for a private consultation.
About the home
Prime commercial development opportunity at the signalized corner of James Farm Road and Turnersburg Highway (US 21) in one of Statesville's fastest-growing corridors. This highly visible site benefits from approximately 22,000 vehicles per day on US 21, with convenient access to I-40 and I-77. Surrounded by significant residential, mixed-use, and commercial growth, including approved and planned developments nearby, the property is positioned for long-term success. Ownership is planning to divide the tract, creating flexible development options for retail, restaurant, medical, office, or service-oriented users. A conceptual site plan demonstrates the potential for a drive-thru/QSR development with dual access points and ample parking. Adding to the area's momentum, a new Dairi-O location has been approved directly across the street, along with a signalized intersection at James Farm Road and US 21 that will further enhance accessibility, traffic flow, and visibility. The owner will consider a ground lease, build-to-suit, or sale. Rare opportunity to secure frontage along one of Statesville's most active and rapidly expanding commercial corridors.
Price in context
- 10th highest asking price of 23 active $1.5M+ homes in Statesville.
- No price changes since it was listed.
- 57 days on the market, listed 2026-08-03.
- County tax assessment $432,960; the asking price is 4.62× the assessed value.
Location
Straight-line distances
- Uptown Charlotte: 41.1 mi
- Charlotte Douglas International Airport: 42.1 mi
- Charlotte Country Club: 42.2 mi
- Wilson Air Center (private aviation, CLT): 42.5 mi
- SouthPark Mall: 46.2 mi
- Quail Hollow Club: 49.3 mi
Features
- County
- Iredell
Comparable homes on the market
- 220 Cedar Lake Drive, Statesville — $1,450,000, 6 bd, 6,009 sq ft, 1.2 mi away
- 678 Turnersburg Highway, Statesville — $3,200,000, 1.3 mi away
- 2756 Peachtree Road, Statesville — $1,500,000, 5 bd, 4,144 sq ft, 2.3 mi away
- 326 Deauville Road, Statesville — $1,490,000, 4 bd, 5,923 sq ft, 3.4 mi away
- 1013 Caldwell Street, Statesville — $5,000,000, 3.5 mi away
- 154 Heathrow Lane, Statesville — $1,200,000, 4 bd, 3,709 sq ft, 6.4 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.