275 Broad St Mooresville, NC 28115-3103
- Warehouses
- 5,900 SF
- 0.43 lot acres
Apr 18, 2023
Current Use by Public Records
- FeedNC / Non-Profit Organization / Cooking School
- Mooresville Soup Kitchen - Food Distribution Center / Food Bank
Property Details for 275 Broad St
- Year built
- 1986
- Construction
- STONE
- Lot size
- 0.43 lot acres
- Property size
- 5,900 SF
- Zone code
- TD
- Property type
- Warehouses
- APN
- 4657-91-8017.000
- APU
- 4657918017000
Description
This exceptional 5,900 square foot retail or restaurant space is located at 275 S. Broad Street in the heart of Downtown Mooresville, North Carolina. Built in 1986 and completely renovated in 2023, this single-tenant property sits on a 0.43-acre lot and is classified as a Class B building. The property features a single story and is zoned TD, offering flexibility for a variety of uses under the new Unified Development Ordinance (UDO). The building's existing infrastructure is well-suited for restaurant operations. The 5,900 square feet of vacant space presents a blank canvas for a creative entrepreneur to establish a thriving business in this rapidly growing downtown area. Its strategic location within the vibrant Downtown Mooresville submarket ensures high visibility and accessibility to a large customer base. The property's convenient location minimizes parking concerns, a significant advantage in a bustling downtown setting. The Iredell County location (APN 4657918017.00) offers a strong foundation for a successful venture, capitalizing on the energy and growth of Mooresville's downtown core. This is a unique chance to establish a prominent presence in a thriving community. The property's recent renovation ensures a move-in ready condition, allowing for immediate occupancy and business commencement. This presents a rare opportunity to establish a business in a prime location with minimal upfront investment in renovations.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $825,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $975,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $495,000
Market price range: $88.2k - $878k
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Location Insight
- Map
- Local Demand
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8168
- Latitude
- 35.5803
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA