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    326 Clover St Mooresville, NC 28115

    Sponsored
    For Sale
    $3,367,000

    Prime 1.42-acre site, 91 units planned.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.42-acre commercial and residential land parcel presents a remarkable multifamily development opportunity in the heart of Mooresville, North Carolina. Located at 326 Clover St, 28115, this site boasts an enviable location just one block from downtown Main Street and directly overlooking Liberty Park. The property is already entitled and has a site plan approved under the Mooresville Unified Development Ordinance (UDO), streamlining the development process. The proposed development encompasses 91 residential units, thoughtfully designed with ample on-site parking to accommodate residents. Convenient access is ensured through multiple points of ingress and egress from North Church Street and East Iredell Avenue. This prime location offers residents proximity to the highly-rated Mooresville Graded School District, a significant draw for families. Furthermore, the development's adjacency to Mill One and Liberty Park provides residents with immediate access to recreational amenities and vibrant community spaces. The asking price for this exceptional opportunity is $3,367,000. This is a truly unique chance to capitalize on the strong demand for multifamily housing in this desirable Mooresville location. Don't miss this chance to acquire a ready-to-develop site in a thriving community.

    Property Features for 326 Clover St

    General Information

    Property type
    Land
    Lot Size
    61,855 SF

    HighLights

    • 1.42‑acre commercial and residential land parcel in Mooresville, NC, at 326 Clover St, 28115.
    • Entitled and site‑plan approved for a 91‑unit multifamily development under the Mooresville UDO.
    • Located one block from downtown Main Street and overlooking Liberty Park.
    • Multiple points of ingress/egress from North Church Street and East Iredell Avenue, with ample on‑site parking.
    • Asking price: $3,367,000.
    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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8073475
    Latitude
    35.5842686

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    FAQs

    What type of property is this?
    Land - Prime 1.42-acre site, 91 units planned.
    Where is this land located?
    The property is located at 326 Clover St Mooresville, NC.
    What is the asking price?
    The asking price for this property is $3,367,000.
    What are key features of this property?
    This property features: 1.42-acre commercial and residential land parcel in Mooresville, NC, at 326 Clover St, 28115.; Entitled and site-plan approved for a 91-unit multifamily development under the Mooresville UDO.; Located one block from downtown Main Street and overlooking Liberty Park.
    (336) 724-1715
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    326 Clover St Mooresville, NC 28115
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    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
    326 Clover St Mooresville, NC 28115
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