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Property profile & analytics
OFF-MARKET
Commercial real estate

00 Kelly Ave Mooresville, NC 28115

8.67 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 8.67 ac (377,665 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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