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Property profile & analytics
OFF-MARKET
Land

326 Clover St Mooresville, NC 28115

1.42 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.42-acre commercial and residential land parcel presents a remarkable multifamily development opportunity in the heart of Mooresville, North Carolina. Located at 326 Clover St, 28115, this site boasts an enviable location just one block from downtown Main Street and directly overlooking Liberty Park. The property is already entitled and has a site plan approved under the Mooresville Unified Development Ordinance (UDO), streamlining the development process. The proposed development encompasses 91 residential units, thoughtfully designed with ample on-site parking to accommodate residents. Convenient access is ensured through multiple points of ingress and egress from North Church Street and East Iredell Avenue. This prime location offers residents proximity to the highly-rated Mooresville Graded School District, a significant draw for families. Furthermore, the development's adjacency to Mill One and Liberty Park provides residents with immediate access to recreational amenities and vibrant community spaces. The asking price for this exceptional opportunity is $3,367,000. This is a truly unique chance to capitalize on the strong demand for multifamily housing in this desirable Mooresville location. Don't miss this chance to acquire a ready-to-develop site in a thriving community.

Property profile
Verified
Property type Land
Lot 1.42 ac (61,855 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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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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