Approved Multifamily Development
For Sale
$1,470,000
228 E Center Ave, Mooresville, NC 28115
Approved plan for 49 multi-family units with onsite parking, positioned for a 5-story development in Mooresville.
Property Size60,800 SF
Price / SF$24.18
Days on Market47
Property Features for 228 E Center Ave
General Information
Standard status
Active
Size
60,800 SF
Property subtype
Land
Additional Details
Multifamily Units
49
Building Details
Year Built
1925
Stories
5
Listing Agency:
Linville Team Partners
(336) 724-1715
Listed By:
Nick Gonzalez · License #268640
Source:
Ltpcommercial
Added: Jun 24
Changed: Aug 8
Last Checked: Aug 8 at 8:03AM
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 Linville Team Partners
Investment Insights
Based on property information with market context.
This sale includes an approved multifamily development plan for 49 units in a 5-story design. The approved concept calls for 60,800 SF of building area and includes planned penthouse units with rooftop balconies, along with onsite parking.
The site is located at 228 E Center Ave in Mooresville, North Carolina. The property is within the Mooresville Graded School District, as noted in the provided remarks.
For developers and investors, the key value here is the existence of an approved plan for a mid-rise, multi-family project with a clear unit count and parking component already carried through the entitlement stage. The balance of the work would focus on moving from the approved design toward construction execution, consistent with the approved 49-unit layout described for this property.
The site is located at 228 E Center Ave in Mooresville, North Carolina. The property is within the Mooresville Graded School District, as noted in the provided remarks.
For developers and investors, the key value here is the existence of an approved plan for a mid-rise, multi-family project with a clear unit count and parking component already carried through the entitlement stage. The balance of the work would focus on moving from the approved design toward construction execution, consistent with the approved 49-unit layout described for this property.
Key Highlights
- Approved plan for 49 multi‑family units in Mooresville, NC
- Planned 160,800 SF building designed for a 5‑story development
- Includes planned penthouse units with rooftop balconies
Property Analytics
Property Profile
Current Use
Lease Details
49
Residential units
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved plan for 49 multi-family units with onsite parking, positioned for a 5-story development in Mooresville.
Where is this residential land & home lot located?
The property is located at 228 E Center Ave Mooresville, NC.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Approved plan for 49 multi‑family units in Mooresville, NC; Planned 160,800 SF building designed for a 5‑story development; Includes planned penthouse units with rooftop balconies
