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Historic Downtown Mooresville Redevelopment Opportunity
For Sale
$699,000

627 Gum Street, Mooresville, NC 28115

Investment property in historic downtown Mooresville with redevelopment potential.

Property Size12,079 SF
Price / SF$57.87
Days on Market1711

Property Features for 627 Gum Street

General Information

Standard status Active
Size 12,079 SF
Property subtype General Commercial

Amenities

Central Air
3

Building Details

Year Built 1913
Listing Agency: Southland, Realtors LLC
Listed By: Hutch Vollendorf · License #242234
Source: Xome
Added: Dec 12, 2021 Changed: Aug 8 Last Checked: Aug 8 at 4:40AM

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 property is located in the heart of historic downtown Mooresville. The property, currently a 2nd Generation Funeral Home, offers an excellent redevelopment opportunity. It features 40+ parking spaces. Zoned CMX, the building 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.
  • Zoned CMX allowing a variety of different 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
Under-served
Demand for This Use

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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Similar Off Market Nearby

  • Willow Branch Flowers 618 N Main St, Mooresville, NC 28115

Frequently Asked Questions

What type of property is this?
Storefront property - Investment property in historic downtown Mooresville with redevelopment potential.
Where is this storefront property 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.; Zoned CMX allowing a variety of different commercial uses.; +/-12,050 sqft building suitable for single or multiple tenants.
More about this property
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