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    690 River Hwy Mooresville, NC 28117

    Sponsored
    For Sale
    $1,500,000

    High-traffic location, development ready.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.34-acre commercial outparcel, located at 690 River Highway Unit 3 in Mooresville, NC, presents a prime investment opportunity. Situated on Highway 150, this CMX-zoned property boasts unparalleled visibility and accessibility, with an estimated 35,000-40,000 vehicles passing daily. Its strategic location within a thriving retail and residential area ensures maximum exposure for any business. The property is ideally suited for retail, restaurant, or service-based development, offering a versatile canvas for entrepreneurs. Mooresville's robust economic climate, featuring approximately 57,000 residents with an average income exceeding $110,000 and over 15,000 employees within a 5-mile radius, guarantees a strong customer base. The property's proximity to Lake Norman further enhances its appeal, attracting both local residents and tourists. Convenient access to essential utilities and infrastructure simplifies the development process. This is a rare chance to capitalize on Mooresville's continued growth and establish a successful business in a high-demand location. Priced at $1,500,000.

    Property Features for 690 River Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1967
    Property Profile Location Intelligence

    Current Use by Public Records

    Autosoftware Autorepair & Bodyshop Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.87913
    Latitude
    35.59753

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, development ready.
    Where is this commercial real estate located?
    The property is located at 690 River Hwy Mooresville, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (704) 663-0990
    Request Owner's contact information
    690 River Hwy Mooresville, NC 28117
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    Mooresville, NC 28117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    690 River Hwy Mooresville, NC 28117
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