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    170 Culbreth Ln Mooresville, NC 28117

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    For Sale
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    Prime commercial land, I-77 visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15.982-acre parcel in Mooresville, NC (28117), offers unparalleled commercial development potential. Located on Culbreth Lane, just off Langtree Road and I-77 (Exit 31), this property boasts excellent visibility and accessibility. The existing RLS zoning allows for a variety of uses, and the seller is open to selling subject to rezoning. The Alcove Road Corridor Small Area Plan designates the area for "Employment Center" and "Village Center" uses, with approved uses including office, light production facilities, business incubators, warehousing, restaurants, retail, multi-family workforce housing (integrated with other development types), work/live spaces, and institutional uses. Water and sewer services are available. The property is situated adjacent to Lake Norman Waterfront, with a resort hotel and luxury condominiums planned for an adjacent 14.78-acre waterfront property (owned separately). A drone video showcasing aerial views is available. An additional 1.823 acres across Alcove Road are also available for purchase. Note that the Town of Mooresville is currently reviewing the "10% affordable option" requirement for development projects, which will be discussed at their September Board meeting. The property is located in the watershed and requires up to 50% pervious area. Detailed zoning information and site plans are available upon request.

    Property Features for 170 Culbreth Ln

    General Information

    Property type
    Land
    Lot Size
    696,176 SF

    HighLights

    • 15.98‑acre commercial development site in Mooresville, NC (28117), located on Culbreth Lane, offering excellent visibility and accessibility near I‑77 (Exit 31).
    • RLS zoning allows for diverse uses; seller open to selling subject to rezoning. The Alcove Road Corridor Small Area Plan designates the area for Employment Center and Village Center uses.
    • Approved uses include office, light industrial, warehousing, restaurants, retail, multi‑family housing (integrated), work/live spaces, and institutional uses.
    • Water and sewer available. Adjacent to Lake Norman Waterfront, with planned resort development nearby.
    • An additional 1.823 acres across Alcove Road are also available. Town of Mooresville reviewing affordable housing requirements. Watershed location requires up to 50% pervious area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8650835
    Latitude
    35.5335579

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    FAQs

    What type of property is this?
    Land - Prime commercial land, I-77 visibility.
    Where is this land located?
    The property is located at 170 Culbreth Ln Mooresville, NC.
    What are key features of this property?
    This property features: 15.98-acre commercial development site in Mooresville, NC (28117), located on Culbreth Lane, offering excellent visibility and accessibility near I-77 (Exit 31).; RLS zoning allows for diverse uses; seller open to selling subject to rezoning. The Alcove Road Corridor Small Area Plan designates the area for Employment Center and Village Center uses.; Approved uses include office, light industrial, warehousing, restaurants, retail, multi-family housing (integrated), work/live spaces, and institutional uses.
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    Mooresville, NC 28117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    170 Culbreth Ln Mooresville, NC 28117
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