Auto Service Shop with 9
For Sale
$750,000
1035 Mooresville Road, Salisbury, NC 28147
Commercial Sale, Salisbury, NC
Property Size6,300 SF
Lot Size0.97 Acres
Price / SF$119.05
Days on Market50
Property Features for 1035 Mooresville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
NMX
Parking features
Parking Lot
Lot features
Corner Lot
Standard status
Active
APN
0611178
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
L1-7 .96AC
Legal Description
L1-7 .96AC
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
waste-oil heater
two restrooms
front office
customer waiting area
heat pump
Building Details
Year built
1952
Building materials
Block, Hard Stucco
Listing Agency:
Century 21 Towne and Country · Century 21 Real Estate
(704) 637-7721
Listed By:
Cathy Griffin · License #187850
(704) 213-2464
Added: Sep 11
Changed: Oct 21
Last Checked: Oct 30 at 4:06AM
MLS# 4423509
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.
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Investment Insights
Based on property information with market context.
This auto repair property contains approximately 6,300 square feet, including a 2,200-square-foot addition completed in 2023; the original building dates to 1952. The shop has nine service bays, an alignment rack, 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 the existing operation. Block and hard-stucco construction, a heat pump, central air, and a parking lot are also part of the property. The sale includes the building, land, and some fixtures; certain personal equipment will not remain.
The 0.97-acre corner parcel fronts Mooresville Road. The property has NMX (Neighborhood Mixed Use) zoning, city water, and public sewer. The current use is auto repair.
The 0.97-acre corner parcel fronts Mooresville Road. The property has NMX (Neighborhood Mixed Use) zoning, city water, and public sewer. The current use is auto repair.
Key Highlights
- Nine service bays with an alignment rack and multiple two- and four‑post lifts
- 0.97‑acre corner lot fronting Mooresville Road
- Approximately 6,300 square feet, including a 2,200‑square‑foot addition built in 2023
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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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lemly’s Automotive & Custom Exhaust — 1823 S Main St, Salisbury, NC 28144
- N'Tune Car Stereo Inc — 1913 S Main St, Salisbury, NC 28144
- 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 - The operating repair facility has a front office, customer waiting area, and equipment for vehicle service.
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: Nine service bays with an alignment rack and multiple two- and four‑post lifts; 0.97‑acre corner lot fronting Mooresville Road; Approximately 6,300 square feet, including a 2,200‑square‑foot addition built in 2023
