170 Culbreth Ln Mooresville, NC 28117
This exceptional 15.982-acre parcel in Mooresville, NC (28117), offers unparalleled commercial development potential. Located on Culbreth Lane, just off Langtree Road and I-77 (Exit 31), this property boasts excellent visibility and accessibility. The existing RLS zoning allows for a variety of uses, and the seller is open to selling subject to rezoning. The Alcove Road Corridor Small Area Plan designates the area for "Employment Center" and "Village Center" uses, with approved uses including office, light production facilities, business incubators, warehousing, restaurants, retail, multi-family workforce housing (integrated with other development types), work/live spaces, and institutional uses. Water and sewer services are available. The property is situated adjacent to Lake Norman Waterfront, with a resort hotel and luxury condominiums planned for an adjacent 14.78-acre waterfront property (owned separately). A drone video showcasing aerial views is available. An additional 1.823 acres across Alcove Road are also available for purchase. Note that the Town of Mooresville is currently reviewing the "10% affordable option" requirement for development projects, which will be discussed at their September Board meeting. The property is located in the watershed and requires up to 50% pervious area. Detailed zoning information and site plans are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.