Auto Repair Shop with
For Sale
$1,200,000
1041 N Main Street, Mooresville, NC 28115
Commercial Sale, Mooresville, NC
Property Size5,067 SF
Lot Size0.49 Acres
Price / SF$236.83
Days on Market709
Property Features for 1041 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HB
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
30
Security features
Security System
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Directions
Exit 35 North, Right off exit onto Brawley School, straight over to Wilson, Left on Main Street , Property on Right passed Food Lion Shopping Center before Linwood.
Standard status
Active
APN
4667-64-9421.000
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
L2 KENNERYL BL E
Legal Description
L2 KENNERYL BL E
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Electric
Amenities
HVAC
natural gas
metal roof
three 12 ft high garage doors
two exterior accessed bathrooms
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Metal
Roof type
Metal, Tar/Gravel
Listing Agency:
LKNHomes.com Inc
(704) 215-4005
Listed By:
Maureen Roberge · License #233237
(704) 323-9222
Added: Nov 1, 2024
Changed: Oct 8
Last Checked: Oct 10 at 11:06PM
MLS# 4196832
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.
Configured for automotive service and repair, the property has 5,067 square feet of space, three front service bays, an office, and a separate work area with another office. A 37.5-by-38.5-foot garage was added approximately 2.5 years ago and has three 12-foot-high doors. A paint booth is present and negotiable; sprinklers serve the mix room and paint booth. The site also includes two bathrooms with exterior access and a fenced rear yard.
The 0.49-acre property has 108 feet of road frontage on N Main Street in Mooresville, near the Linwood Street intersection and a Food Lion shopping center. The building dates to 1962 and has a metal roof covering both the original and added sections. Heat is provided by electric and natural gas, with electric cooling.
The 0.49-acre property has 108 feet of road frontage on N Main Street in Mooresville, near the Linwood Street intersection and a Food Lion shopping center. The building dates to 1962 and has a metal roof covering both the original and added sections. Heat is provided by electric and natural gas, with electric cooling.
Key Highlights
- 5,067 square feet on a 0.49‑acre site
- Three front service bays and a 37.5‑by‑38.5‑foot garage with three 12‑foot‑high doors
- 108 feet of road frontage on N Main Street, near Linwood Street and a Food Lion shopping center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,618
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,360
$1.5M
Cap Rate 7%
$1,065,971
$1.1M
Cap Rate 9%
$829,089
$829.1K
Market Conditions
NOI Build-Up for 5,067 SF
Gross rent
$106.4K $21.00/SF
− Vacancy
−$6.9K −$1.37/SF
EGI
$99.5K $19.64/SF
− OpEx
−$24.9K −$4.91/SF
NOI
$74.6K $14.73/SF
Area
Iredell County, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,360
Cap Rate 7%
$1,065,971
Cap Rate 9%
$829,089
Alternative Uses
Best Use
Specialty Retail
$1.07M
$932.7K – $1.24M
NOI $74,618 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$888.7K
$777.6K – $1.04M
NOI $62,206 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,636 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Yes
Sprinkler system
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Food Lion Grocery Store
Groceries
20,927 visits/mo
0.3 miles
Demographics for 28115, NC
43,413
Population
17,427
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
74.6 sq mi
ZIP Area
582
Density / Sq Mi
$86,724
Median Household Income
$46,921
Median Earnings
$1,193
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Rodriguez Auto — 194 n cromwell dr, mooresville, nc 28115
- PirateCoveGarage — 108 Pleasant Grove Ln, Mooresville, NC 28115
- Jr’s Tire Spot — 604 N Main St, Mooresville, NC 28115
- RS Customs Paint — 112 Linwood Rd, Mooresville, NC 28115
- Jimmy's Body Shop — 1041 N Main St, Mooresville, NC 28115
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service space includes multiple work areas, a fenced rear yard, and office space with HVAC.
Where is this auto shop located?
The property is located at 1041 N Main Street Mooresville, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,067 square feet on a 0.49‑acre site; Three front service bays and a 37.5‑by‑38.5‑foot garage with three 12‑foot‑high doors; 108 feet of road frontage on N Main Street, near Linwood Street and a Food Lion shopping center
