Property profile

144 Ervin Rd Mooresville, NC 28117

OFF-MARKET
Warehouses
Property ID
US53-3877527
143,371 SF 22.87 ac lot Built 2013
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional .87-acre commercial lot presents a unique development opportunity in the thriving Mooresville, NC market. Zoned Community Commercial, this property offers unparalleled potential for a diverse range of businesses. Its prime location near the intersection of Ervin Road, Highway 150, and Morrison Plantation Parkway ensures high visibility and accessibility. Convenient access to I-77 (Exits 35 and 36) further enhances its strategic appeal. The surrounding area boasts a vibrant mix of established retail centers, restaurants, and shopping destinations, guaranteeing a strong customer base. This blank slate allows for the creation of a custom-designed building tailored to specific business needs, whether it's a retail space, restaurant, or another commercial venture. The property's proximity to Lake Norman adds to its desirability, attracting both local residents and tourists. This is a rare chance to secure a highly visible and accessible location in a rapidly growing area, offering significant return on investment for discerning buyers. The asking price is $515,000. Don't miss this opportunity to establish your business in a prime Lake Norman location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2013
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 143,371 SF
Lot 22.87 ac (996,174 SF)
Zoning code CC
APN 4647-28-2182.000
UPID US53-3877527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

144 Ervin Rd Mooresville, NC 28117-9089
Mooresville metro Census 61203 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.03M
Comparable Approach Comparable
$10.91M
Blend (final) Blend
$12.95M

Owner & transaction history

Zoning & alternative use

CC · Mooresville, NC
Zoning description

The CC (Community Commercial) zoning district accommodates business uses that provide goods and services to residents of the region and Town, including shopping centers and large retail establishments located along limit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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