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Historic Downtown Mooresville Redevelopment Opportunity
For Sale
$699,000
Pending

627 Gum Street, Mooresville, NC 28115

Investment property in historic downtown Mooresville with redevelopment potential.

Property Size12,079 SF
Lot Size1.48 Acres
Days on Market1262

Property Features for 627 Gum Street

General Information

Standard status Pending
Size 12,079 SF
Lot size 1.48 Acres
Property subtype Commercial

Amenities

Carpet Flooring
Composition Roof
Natural Gas Heating
Ramp(s)-Main Level

Building Details

Year Built 1913
Listing Agency: SOUTHLAND, REALTORS LLC
Listed By: HUTCH VOLLENDORF · License #242234
Source: Corcoran
Added: Mar 6, 2023 Changed: Aug 8 Last Checked: Aug 8 at 6:12AM

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 SOUTHLAND, REALTORS LLC

Investment Insights

Based on property information with market context.

This +/-12,050 square foot investment property is a second-generation funeral home located in the heart of historic downtown Mooresville. The property includes over 40 parking spaces. Zoned CMX, the building offers an excellent redevelopment opportunity and can accommodate a single tenant or multiple tenants, allowing for a variety of different commercial uses.

Key Highlights

  • Excellent redevelopment opportunity in Historic Downtown Mooresville.
  • CMX zoning allows for a variety of commercial uses.
  • +/-12,050 sqft building suitable for single or multiple tenants.

Property Analytics

Current Use

Wayne Russell Funeral ... Social Service Agency

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Grocery & Convenience Store Real Estate Agency Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby
48k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 56% Groceries 44%
Food Lion Grocery Store Groceries
20,927 visits/mo 0.4 miles
Circle K Shops & Services
8,251 visits/mo 0.1 miles
Circle K Shops & Services
7,945 visits/mo 0.2 miles
Dollar General Shops & Services
6,779 visits/mo 0.2 miles
Fifth Third Bank & ATM Shops & Services
3,776 visits/mo 0.5 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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Church & religious facility - Investment property in historic downtown Mooresville with redevelopment potential.
Where is this church & religious facility located?
The property is located at 627 Gum Street Mooresville, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Excellent redevelopment opportunity in Historic Downtown Mooresville.; CMX zoning allows for a variety of commercial uses.; +/-12,050 sqft building suitable for single or multiple tenants.
More about this property
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