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    118 Alexander Bank Dr Mooresville, NC 28117

    Sponsored
    For Sale
    $650,000

    Prime 0.515-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.515-acre commercial land parcel, located at 118 Alexander Bank Drive in Mooresville, North Carolina (APN 4645672383), presents a unique investment opportunity. Zoned CM: Corridor Mixed-Use, this property offers significant potential for various commercial developments. Its strategic location within a thriving Village Center development provides immediate access to a robust infrastructure and a diverse clientele. Surrounded by established medical offices, the highly-regarded Langtree Charter Academy, and residential communities, this site is perfectly positioned to attract a wide range of businesses, particularly those in the medical or professional services sectors. The property's proximity to major transportation arteries further enhances its appeal. It's conveniently located just 1.5 miles from I-77 Exit 33, ensuring easy access to regional and interstate travel. Furthermore, its proximity to Mecklenburg Highway (within 3 miles) provides future connectivity to the Lynx Red Line rail system, offering exceptional commuting options for employees and clients. This prime location, combined with its versatile zoning and ample space, makes this 0.515-acre lot an exceptional opportunity for investors seeking a high-growth potential investment in a rapidly developing area of Mooresville, NC. The asking price is $650,000.

    Property Features for 118 Alexander Bank Dr

    General Information

    Property type
    Land
    Lot Size
    22,433 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8613699
    Latitude
    35.541915

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    FAQs

    What type of property is this?
    Land - Prime 0.515-acre lot, ideal for development.
    Where is this land located?
    The property is located at 118 Alexander Bank Dr Mooresville, NC.
    What is the asking price?
    The asking price for this property is $650,000.
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    118 Alexander Bank Dr 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
    118 Alexander Bank Dr Mooresville, NC 28117
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