Commercial Condo Office/Retail
110 Charleston Drive 108 & 109 Mooresville, NC 28117
110 Charleston Drive 108 & 109, Mooresville, NC, 28117
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For Sale
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Two combined condo units with direct visibility from Brawley School Road, offering flexibility for owner-use or tenancy.
Property Size2,135 SF
Price / SF$519.91
Days on Market49
Property Features for 110 Charleston Drive 108 & 109
General Information
- Standard status
- Active
- Size
- 2,135 SF
- Property subtype
- Retail, Office, Mixed Use
Listing agency
Lake Norman Realty Inc
(704) 892-9673
Listed by
Jeremy Katz · License #NC 282116
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:51AM
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 Lake Norman Realty Inc
Investment Insights
Based on property information with market context.
110 Charleston Drive, Units 108 and 109, offers two commercial condo spaces that are currently operating as a combined suite with the option to revert to a two-unit configuration. The property is well suited for office or retail uses within a maintained condo setting.
The location provides direct visibility from Brawley School Road, with reported traffic of 36,000 vehicles per day, supporting strong storefront-style exposure for the businesses operating at the site. The property is positioned within a trade area described as affluent, with convenient access to nearby dining, shopping, and recreation.
For a buyer, the combined-and-revertible layout provides flexibility for an owner-user seeking a single larger space or an operator looking to support separate occupancies if desired. Investors may also consider the adaptable configuration for future tenant mix, while maintaining a straightforward, controllable footprint in a context where comparable purchasable commercial spaces in this size range are described as limited. The business and inventory are also available for purchase under a separate agreement; details are available through the broker.
The location provides direct visibility from Brawley School Road, with reported traffic of 36,000 vehicles per day, supporting strong storefront-style exposure for the businesses operating at the site. The property is positioned within a trade area described as affluent, with convenient access to nearby dining, shopping, and recreation.
For a buyer, the combined-and-revertible layout provides flexibility for an owner-user seeking a single larger space or an operator looking to support separate occupancies if desired. Investors may also consider the adaptable configuration for future tenant mix, while maintaining a straightforward, controllable footprint in a context where comparable purchasable commercial spaces in this size range are described as limited. The business and inventory are also available for purchase under a separate agreement; details are available through the broker.
Key Highlights
- Two commercial condo units at 110 Charleston Drive (Units 108 & 109) with direct visibility from Brawley School Road (36,000 VPD).
- Units are currently operating as a combined space, with the option to revert to a two‑unit configuration.
- Suitable for owner‑occupancy or investment, with flexibility based on whether the space is combined or separated.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $26.04 |
| − Vacancy | −$5.7k | −$2.66 |
| EGI | $49.9k | $23.38 |
| − OpEx | −$12.5k | −$5.85 |
| NOI | $37.4k | $17.54 |
2,135 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$534.9K
$468.1K – $624.1K
NOI $37,444 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$374.4K
$327.6K – $436.9K
NOI $26,211 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,038 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sheryl Hill - State ...
Insurance Agency
Funtimbers
Park
LKN Psychiatric Services, ...
Medical Clinic
Dr. Patricia Littwin
Counselor
Childforms Commercial Playgrounds
Building Supply
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FAQs
What type of property is this?
Office units - Two combined condo units with direct visibility from Brawley School Road, offering flexibility for owner-use or tenancy.
Where is this office units located?
The property is located at 110 Charleston Drive 108 & 109 Mooresville, NC.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: Two commercial condo units at 110 Charleston Drive (Units 108 & 109) with direct visibility from Brawley School Road (36,000 VPD).; Units are currently operating as a combined space, with the option to revert to a two‑unit configuration.; Suitable for owner‑occupancy or investment, with flexibility based on whether the space is combined or separated.
