Auto Service Facility with 9
1035 Mooresville Road, Salisbury, NC 28147
For Sale
$750,000
Established repair facility with office, waiting area, lifts, and city water and sewer.
Property Size1,952 SF
Lot Size0.97 Acres
Price / SF$119.05
Days on Market57
Property Features for 1035 Mooresville Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Service Bays
Amenities
waste-oil heater
restrooms
front office
customer waiting area
heat pump
Corner Lot
Public Sewer
Additional parcels description:, Parcel Number: 0611178, Assessed Value: $516,070
Central Air
Heat Pump
Listing ID: CAR4423509, Standard Status: Active, MLS Status: Active, Property Subtype: Automotive, 40 days on market, Special Conditions: None
Parking Lot, Parking Space(s)
Built in 1952, Construction Materials: Block, Hard Stucco
County/Parish: Rowan
Water Source: City
Frontage Type: Highway, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Century 21 Towne and Country
(704) 637-7721
Listed By:
Cathy Griffin · License #187850
(704) 213-2464
Source:
Blackstreaminternational
Added: Sep 11
Changed: Nov 6
Last Checked: Nov 6 at 9:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Towne and Country
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Investment Insights
Based on property information with market context.
This auto service property includes approximately 6,300 square feet on a 0.97-acre corner site at 1035 Mooresville Road in Salisbury. The original 1952 building was expanded in 2023 with a 2,200-square-foot addition measuring 40' x 55'. The facility contains 9 service bays, an alignment rack, multiple two- and four-post lifts, and a waste-oil heater. Two restrooms, a front office with dual service counters, and a customer waiting area support daily operations. Block and hard-stucco construction and a heat pump complete the building improvements.
The property fronts Mooresville Road along the HWY 150 corridor and is served by city water and sewer. Zoned NMX (Neighborhood Mixed Use), the site is currently operating as an auto repair shop and includes the building, fixtures, and land in the sale. Its location provides access to nearby shopping, dining, and the Salisbury retail area.
The property fronts Mooresville Road along the HWY 150 corridor and is served by city water and sewer. Zoned NMX (Neighborhood Mixed Use), the site is currently operating as an auto repair shop and includes the building, fixtures, and land in the sale. Its location provides access to nearby shopping, dining, and the Salisbury retail area.
Key Highlights
- 0.97‑acre corner lot fronting Mooresville Road
- Approximately 6,300 square feet, including a 2,200‑square‑foot addition built in 2023
- 9 service bays with alignment rack and multiple two- and four‑post lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,379
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,580
$767.6K
Cap Rate 7%
$548,271
$548.3K
Cap Rate 9%
$426,433
$426.4K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$59.7K $9.48/SF
− Vacancy
−$4.9K −$0.78/SF
EGI
$54.8K $8.70/SF
− OpEx
−$16.4K −$2.61/SF
NOI
$38.4K $6.09/SF
Area
Rowan County, NC
Vacancy
8.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,580
Cap Rate 7%
$548,271
Cap Rate 9%
$426,433
Alternative Uses
Best Use
Retail
$1.10M
$966.8K – $1.29M
NOI $77,343 @ 7.0% cap · market cap 10.31%
Second Best
Industrial
$548.3K
$479.7K – $639.7K
NOI $38,379 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.98M
$1.74M – $2.31M
NOI $138,802 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
9
Service bays
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
234k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 33%
Shops & Services 26%
Apparel 3%
Food Lion Grocery Store
Groceries
36,599 visits/mo
0.1 miles
Harris Teeter
Groceries
33,024 visits/mo
0.5 miles
McDonald's
Dining
31,356 visits/mo
0.1 miles
Aldi
Groceries
16,690 visits/mo
0.5 miles
Burger King
Dining
12,732 visits/mo
0.3 miles
Demographics for 28147, NC
26,618
Population
10,095
Households
2.6
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
77.6 sq mi
ZIP Area
343
Density / Sq Mi
$59,770
Median Household Income
$36,118
Median Earnings
$1,036
Median Rent
$241,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lemly’s Automotive & Custom Exhaust — 1823 S Main St, Salisbury, NC 28144
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- Georges house — 623 W D Ave, Salisbury, NC 28144
- Reinalt Thomas Corporation — 505 jake alexander blvd w, salisbury, nc 28147
- Cloninger Toyota Auto Body Repair — 511 Jake Alexander Blvd S, Salisbury, NC 28147
Frequently Asked Questions
What type of property is this?
Auto shop - Established repair facility with office, waiting area, lifts, and city water and sewer.
Where is this auto shop located?
The property is located at 1035 Mooresville Road Salisbury, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.97‑acre corner lot fronting Mooresville Road; Approximately 6,300 square feet, including a 2,200‑square‑foot addition built in 2023; 9 service bays with alignment rack and multiple two- and four‑post lifts
