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    OFF-MARKET
    Commercial real estate

    690 River Hwy, Mooresville, NC 28117

    1.34 ac lot Built 1967
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Year built 1967
    Lot 1.34 ac (58,370 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Autosoftware Autorepair & Bodyshop Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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