00 Kelly Ave Mooresville, NC 28115
This exceptional 8.67-acre commercial property in Mooresville, NC, presents a remarkable development opportunity. Strategically located with easy access to the downtown area, this expansive site offers a multitude of potential uses. Currently zoned RG, the property allows for a variety of development options, including attached residential dwellings, cottage developments, duplexes, live/work spaces, single-family homes, community centers, and government facilities. However, all planned uses require approval from the relevant agencies before closing. Prospective buyers must independently verify all aspects of road access via the Department of Transportation and confirm water and sewer accessibility prior to purchase. The acreage comprises two parcels: a 7.45-acre tract on Kelly Avenue and a 1.22-acre tract on West Catawba Avenue, sold together for a total of 8.67 acres. This presents a unique chance for developers seeking a substantial land holding in a thriving area. Alternatively, the property also offers the possibility of constructing a custom home, making it an attractive option for those seeking a large, private lot. The asking price for this significant property is $375,000. All due diligence regarding zoning, utilities, and access is the responsibility of the prospective buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.