Mixed-Use Building with Established
188 N Main Street Mooresville, NC 28115
188 N Main Street, Mooresville, NC, 28115
$1,350,000
For Sale
$1,350,000
Mixed-use building featuring a long-term tenant and vacant office space.
Property Size3,880 SF
Price / SF$347.94
Days on Market144
Property Features for 188 N Main Street
General Information
- Standard status
- Active
- Size
- 3,880 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1906
Listing Agency
CAROLINA REALTY ADVISORS
(704) 442-1774
Listed by
ROB CASSAM
Source
Corcoran
Added: Feb 27 Updated: Jul 6 at 9:52 am Checked: Jul 19 at 4:50 am
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 CAROLINA REALTY ADVISORS
Investment Insights
Based on property information with market context.
The property for sale includes the entire building, featuring two suites. The main level is occupied by a beer and wine bar tenant, which is celebrating its 7-year anniversary in August 2026. The tenant occupies 1,940 square feet under a lease term from October 1, 2024, to August 30, 2029, with one renewal option for an additional 5 years. The second floor, with an address of 106 W Moore Ave, is currently vacant and was last used as office space. This second-story walk-up space is located on the corner of N Main Street and Moore Street, above 188 N Main St., and features 1,940 square feet of heated space. The total property size is 3,880 square feet. This property presents an investment opportunity.
Key Highlights
- Entire building for sale, including both suites.
- Long‑term beer and wine bar occupies the main level (7 year anniversary in August 2026).
- Existing lease in place for the main level tenant from 10/1/24 to 8/30/29, with a 5‑year renewal option.
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 | $101.0k | $26.04 |
| − Vacancy | −$10.3k | −$2.66 |
| EGI | $90.7k | $23.38 |
| − OpEx | −$22.7k | −$5.85 |
| NOI | $68.0k | $17.54 |
3,880 SF · lease $26.04/SF/yr · vacancy 10.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$972.1K
$850.6K – $1.13M
NOI $68,047 @ 7.0% cap · market cap 5.04%
Second Best
Specialty Retail
$816.3K
$714.2K – $952.3K
NOI $57,138 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,484 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
On Tap
Production Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Circle K — 354 S Main St, Mooresville, NC 28115
- Bre’s Bar On Wheels Mobile Bar — NC-150, Mooresville, NC 28673
- Mooresville Performing Arts Center — 160 s magnolia st, mooresville, nc 28115
- The Barcelona Burger And Beer Garden — 500 S Main St, Mooresville, NC 28115
- Rebel Scout — 215 s broad st, mooresville, nc 28115
FAQs
What type of property is this?
Bar & Pub - Mixed-use building featuring a long-term tenant and vacant office space.
Where is this bar & pub located?
The property is located at 188 N Main Street Mooresville, NC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Entire building for sale, including both suites.; Long‑term beer and wine bar occupies the main level (7 year anniversary in August 2026).; Existing lease in place for the main level tenant from 10/1/24 to 8/30/29, with a 5‑year renewal option.
