235 Medical Park Rd Mooresville, NC 28117

Property Details for 235 Medical Park Rd

Year built

2006

Construction

STEEL FRAME

Lot size

0.66 lot acres

Property size

17,408 SF

Zone code

CM

Property type

Office buildings

APN

4646-81-5619.000

APU

4646815619000

Description

This exceptional 17,408 square foot medical office building, constructed in 2006, presents a compelling investment opportunity in Mooresville, NC. Located at 235 Medical Park Rd, this fully leased property boasts a strong 6.85% cap rate and a substantial net operating income (NOI) of $256,989.32, representing an asking price of $3,751,668. The building features a mix of first-floor retail and second-floor medical office space, occupied by a cohesive blend of local and national tenants. Its strategic location offers excellent proximity to a thriving commercial district encompassing 1.5 million square feet, including Lake Norman Regional Hospital (0.4 miles) and Lowe's Home Improvement corporate offices (1.2 miles). Situated on a 28,098 square foot lot, the property benefits from high visibility along US 21 (Charlotte Highway), a major thoroughfare with 24,000 vehicles per day. The surrounding area exhibits robust population growth projected at 10-12%, ensuring sustained demand for retail and medical services, making this a secure and appreciating asset for investors seeking both short-term returns and long-term value appreciation. This property offers a rare combination of stability and growth potential.

Location Insight

City

Mooresville

County

Iredell

State

North Carolina

Longitude

-80.8542

Latitude

35.554

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments