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22-Acre Live/Work Compound

1620 London Rd, Mooresville, NC 28115

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For Sale

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22-acre live/work compound with residences, barns, event space, garages.

Type:Land, Mixed Use

Property size:

20,000 SF

Lot size:

22.00 Acres

Price / SF:

$347/SF

HighLights

22‑acre live/work compound with over 20,000 SF of improvements.
Zoned RA, allowing business operations with owner occupancy.
Includes three residences, barns, event space, and multiple large commercial garages.
Ideal for business operations, event use, workshops, or multi‑generational living.
Significant existing infrastructure rarely found on acreage properties.
Rare opportunity in the greater Charlotte region.

We can help!

Contact an agent

Dawn Westall

For Sale

Contact for pricing

22-acre live/work compound with residences, barns, event space, garages.

Type:Land, Mixed Use

Property size:

20,000 SF

Lot size:

22.00 Acres

Price / SF:

$347/SF

Added:: Mar 11, 2026
Days on Market:: 109
Last Refresh:: Mar 16 at 2:12 pm

Property Features for 1620 London Rd

General Information

Standard status: Active
Size: 20,000 SF
Lot size: 22.00 Acres
Property subtype: Land, Mixed Use

Building Details

Year Built: 1993

We can help!

Contact an agent

Dawn Westall

Listing office NextHome Providence

Listing date Mar 11, 2026

Source Crexi

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 NextHome Providence

HighLights

22‑acre live/work compound with over 20,000 SF of improvements.
Zoned RA, allowing business operations with owner occupancy.
Includes three residences, barns, event space, and multiple large commercial garages.
Ideal for business operations, event use, workshops, or multi‑generational living.
Significant existing infrastructure rarely found on acreage properties.
Rare opportunity in the greater Charlotte region.

Overview

This 22-acre property offers a rare live/work compound featuring over 20,000 square feet of improvements, including three residences, barns, an event space, and multiple large commercial garages. The property combines residential living, business infrastructure, and open land in one estate setting. It is ideal for an owner-operator seeking space for business operations, event use, workshops, or multi-generational living. The existing buildings provide substantial infrastructure and flexibility for a variety of entrepreneurial uses. Zoned RA, the property allows business operations with owner occupancy, creating a rare opportunity for a true live/work estate with significant acreage. Properties offering this scale of acreage, multiple residences, and extensive existing structures are rarely available in the greater Charlotte region.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$520.8k	$26.04
− Vacancy	−$53.1k	−$2.66
EGI	$467.7k	$23.38
− OpEx	−$116.9k	−$5.85
NOI	$350.8k	$17.54

20,000 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.01M

$4.38M – $5.85M (±1% cap)

NOI $350,759 @ 7.0% cap · market cap 5.05%

Second Best

Mixed Use

$4.10M

$3.59M – $4.78M (±1% cap)

NOI $287,040 @ 7.0% cap · market cap 4.13%

Theoretical Best

Office A

$6.29M

$5.51M – $7.34M (±1% cap)

NOI $440,640 @ 7.0% cap · market cap 6.34%

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

Property Profile Location Intelligence

Current Use by Public Records

Color Master Premium, ... Auto Repair Shop

Suggested Use

Location Insight

Map
Local Demand

City: Mooresville
County: Iredell
State: North Carolina
Longitude: -80.734706
Latitude: 35.602342

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For sale
Mixed-use properties
NC
Mooresville
28115
1620 London Rd

What type of property is this?

Mixed-use property - 22-acre live/work compound with residences, barns, event space, garages.

Where is this mixed-use property located?

The property is located at 1620 London Rd Mooresville, NC.

What is the asking price?

The asking price for this property is $6,950,000.

What are key features of this property?

This property features: 22‑acre live/work compound with over 20,000 SF of improvements.; Zoned RA, allowing business operations with owner occupancy.; Includes three residences, barns, event space, and multiple large commercial garages.