627 Gum St Mooresville, NC 28115
- Specialty properties
- 12,079 SF
- 1.48 lot acres
Current Use by Public Records
- Wayne Russell Funeral Service / Funeral Home
Property Details for 627 Gum St
- Year built
- 1913
- Construction
- WOOD
- Lot size
- 1.48 lot acres
- Property size
- 12,079 SF
- Zone code
- DE
- Property type
- Specialty properties
- APN
- 4667-33-8682.000
- APU
- 4667338682000
Description
This exceptional 12,079 square foot commercial property, situated on a 1.48-acre lot at 627 Gum Street in the heart of Historic Downtown Mooresville, NC, presents a compelling investment opportunity. Currently configured as a second-generation funeral home, the building offers significant redevelopment potential for a variety of commercial uses. The property boasts ample parking with 40+ spaces, catering to the needs of both single and multi-tenant occupancies. Its CMX zoning allows for a wide range of commercial endeavors, making it an attractive prospect for entrepreneurs and investors alike. The substantial square footage provides flexibility for adaptive reuse, allowing for creative and innovative business plans. Located in a vibrant and growing downtown area, this property benefits from high visibility and convenient access to local amenities and transportation routes. The existing structure provides a solid foundation for immediate occupancy or extensive renovation, depending on the buyer's vision. This is a rare chance to acquire a significant commercial property in a desirable location with exceptional upside potential. The asking price is $699,000. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $615,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $670,000
- Mixed-Use
- $595,000
- Hospitality
- $585,000
- Educational
- $595,000
- Residential Income
- $655,000
- Energy
- $575,000
- Income-Based Land
- $595,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8033
- Latitude
- 35.5875
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
