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    260 Main St Mooresville, NC 28115

    For Sale
    $1,406,000

    ±0.82 Acres, 37-Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional ±0.82-acre site presents a prime opportunity for multi-family development in the heart of Mooresville, North Carolina. Approved for a 37-unit project, this land offers significant potential for investors seeking a high-return venture. The property is ideally located on 260 S Main St, just steps away from Mooresville's vibrant downtown area, boasting a thriving retail scene, diverse restaurants, and an active nightlife. Its convenient location ensures easy access to amenities and a desirable lifestyle for future residents. The site's APN numbers are 4667002847, 4667001847, and 4667002893. Furthermore, this development opportunity is situated within the highly-regarded Mooresville Graded School District, a top-ranked school system in North Carolina, making it particularly attractive to families. The asking price for this exceptional property is $1,406,000. The property is zoned for residential multi-family use and includes ample space for parking to accommodate the planned 37 units. This location offers a blend of urban convenience and suburban tranquility, making it an ideal location for a thriving multi-family community. The property's proximity to downtown Mooresville ensures residents have easy access to a variety of shops, restaurants, and entertainment options. This is a rare opportunity to acquire a well-situated, approved development site in a rapidly growing area.

    Property Features for 260 Main St

    General Information

    Property type
    Land
    Lot Size
    35,719 SF

    HighLights

    • ±10.82‑acre multi‑family development site in Mooresville, NC.
    • Approved for 37 units.
    • Located at 260 S Main St, near downtown Mooresville.
    • APN: 4667002847, 4667001847, 4667002893.
    • $1,406,000 asking price.
    • Zoned for multi‑family residential use with ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thai Thai Cafe Thai Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8153944
    Latitude
    35.5801384

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    FAQs

    What type of property is this?
    Land - ±0.82 Acres, 37-Unit Potential
    Where is this land located?
    The property is located at 260 Main St Mooresville, NC.
    What is the asking price?
    The asking price for this property is $1,406,000.
    What are key features of this property?
    This property features: ±10.82-acre multi-family development site in Mooresville, NC.; Approved for 37 units.; Located at 260 S Main St, near downtown Mooresville.
    (336) 724-1715
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    260 Main 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
    260 Main St Mooresville, NC 28115
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