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    Main St Mooresville, NC 28115

    Sponsored
    For Sale
    $3,312,000

    Prime 1.58-acre development site in downtown Mooresville.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.58-acre parcel, located on N Main St in Mooresville, NC (zip code 28115), presents a remarkable multi-family development opportunity. The property, encompassing APNs 4667239078, 4667330044, 4667330085, 4667229999, 4667320912, 4667320827, 4667320709, 4667320850, and 4667321813, is already entitled and has a site plan approved under the Mooresville Unified Development Ordinance (UDO). Plans are in place for a 92-unit development, with 100% complete design development drawings readily available for review. This significantly reduces the time and cost associated with project planning and approvals. The property's prime downtown Mooresville location offers exceptional convenience and accessibility. Furthermore, its location within the highly-rated Mooresville Graded School District adds significant appeal to potential residents. The asking price for this exceptional development opportunity is $3,312,000. This is a turnkey project ready for immediate development.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    68,825 SF

    HighLights

    • Approved 92‑unit multifamily development plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.806325
    Latitude
    35.585907

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    FAQs

    What type of property is this?
    Land - Prime 1.58-acre development site in downtown Mooresville.
    Where is this land located?
    The property is located at Main St Mooresville, NC.
    What is the asking price?
    The asking price for this property is $3,312,000.
    What are key features of this property?
    This property features: Approved 92-unit multifamily development plan.; ;
    (336) 724-1715
    Request Owner's contact information
    Main St Mooresville, NC 28115
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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
    Main St Mooresville, NC 28115
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