Mixed-Use Building in Mooresville,
188 N Main Street Mooresville, NC 28115
188 N Main Street, Mooresville, NC, 28115
$1,350,000
For Sale
$1,350,000
SINGLE_FAMILY - Mooresville, NC
Property Size3,880 SF
Lot Size0.08 Acres
Price / SF$347.94
Days on Market146
Property Features for 188 N Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 1
- Parking features
- On Street
- Standard status
- Active
- APN
- 4667-12-3299.000
- Size
- 3,880 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- see media link
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1906
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick Full
- Roof type
- Flat
Listing agency
Carolina Realty Advisors
(704) 442-1774
Listed by
Rob Cassam
(704) 533-3074
Added: Feb 26 Updated: May 19 at 5:26PM Checked: Jul 22 at 10:06PM
MLS# 4350044
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property for sale at 188 N Main St. in Mooresville, NC, encompasses the entire building, including both suites. The main level is occupied by a beer and wine bar tenant, which is celebrating its 7-year anniversary in August 2026. The tenant currently leases 1,940 square feet, with a lease term from October 1, 2024, to August 30, 2029, and one renewal option for an additional 5 years. The second floor, with the address 106 W Moore Ave, is currently vacant and was last used as office space. This second-story walk-up space, located on the corner of N Main Street and Moore Street above 188 N Main St., features 1,940 square feet of heated space. The property sits on a lot of 0.0755 acres. This property presents a great investment opportunity.
Key Highlights
- Entire building for sale, including two suites.
- Main level suite leased to established beer and wine bar, in business for 7 years as of August 2026.
- Existing lease in place from 10/1/24 to 8/30/29 with a 5‑year renewal option.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.0k | $26.04 |
| − Vacancy | −$10.3k | −$2.66 |
| EGI | $90.7k | $23.38 |
| − OpEx | −$22.7k | −$5.85 |
| NOI | $68.0k | $17.54 |
3,880 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$972.1K
$850.6K – $1.13M
NOI $68,047 @ 7.0% cap · market cap 5.04%
Second Best
Specialty Retail
$816.3K
$714.2K – $952.3K
NOI $57,138 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,484 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
On Tap
Production Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Circle K — 354 S Main St, Mooresville, NC 28115
- Bre’s Bar On Wheels Mobile Bar — NC-150, Mooresville, NC 28673
- Mooresville Performing Arts Center — 160 s magnolia st, mooresville, nc 28115
- The Barcelona Burger And Beer Garden — 500 S Main St, Mooresville, NC 28115
- Rebel Scout — 215 s broad st, mooresville, nc 28115
FAQs
What type of property is this?
Bar & Pub - Mixed-use building with retail and office space for sale.
Where is this bar & pub located?
The property is located at 188 N Main Street Mooresville, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Entire building for sale, including two suites.; Main level suite leased to established beer and wine bar, in business for 7 years as of August 2026.; Existing lease in place from 10/1/24 to 8/30/29 with a 5‑year renewal option.
