1278 Mecklenburg Hwy Mooresville, NC 28115
- Commercial real estate
- 3.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1278 Mecklenburg Hwy
- Lot size
- 3.48 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.48-acre parcel in Mooresville, North Carolina, presents a unique opportunity for immediate development. Located at 1278 Mecklenburg Hwy, Iredell County, zip code 28115 (35.5548151, -80.8417793), this multifamily land is already zoned and entitled for a 51-unit project. The site plan is fully approved, eliminating the time-consuming process of rezoning and site plan approvals, allowing for a swift transition to construction drawings and building permits. This significantly reduces development timelines and associated costs. The property's location within Mooresville, one of North Carolina's fastest-growing cities, benefits from robust rental demand and strong rental rates. Adding to the immediate return potential, two existing rental homes on the property generate current cash flow. This turnkey investment offers a rare chance to capitalize on the thriving Mooresville multifamily market with minimal upfront delays. The property is designated as Commercial, Residential, and Multifamily land. The asking price is $1,530,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8417793
- Latitude
- 35.5548151
