0 Main St Mooresville, NC 28115
This exceptional 1.58-acre parcel, located on N Main St in Mooresville, NC (zip code 28115), presents a remarkable multi-family development opportunity. The property, encompassing APNs 4667239078, 4667330044, 4667330085, 4667229999, 4667320912, 4667320827, 4667320709, 4667320850, and 4667321813, is already entitled and has a site plan approved under the Mooresville Unified Development Ordinance (UDO). Plans are in place for a 92-unit development, with 100% complete design development drawings readily available for review. This significantly reduces the time and cost associated with project planning and approvals. The property's prime downtown Mooresville location offers exceptional convenience and accessibility. Furthermore, its location within the highly-rated Mooresville Graded School District adds significant appeal to potential residents. The asking price for this exceptional development opportunity is $3,312,000. This is a turnkey project ready for immediate development.
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
Similar Nearby for Lease
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.