Property summary
This exceptional 173.71-acre property in Mooresville, North Carolina, presents a unique investment opportunity. The centerpiece is an established 18-hole public golf course, built in 1979, complemented by a 3,700 square-foot clubhouse. The course boasts 75 golf carts and ample parking. Situated in the desirable Lake Norman region, near Charlotte, this location benefits from a growing population and robust economy. The property also includes significant residual land suitable for development of single-family residential lots, adding considerable future potential. The existing clubhouse provides immediate revenue streams through food and beverage sales and a golf shop. This offering combines established income generation with substantial land for future expansion, making it an attractive proposition for investors seeking a blend of immediate return and long-term growth in a high-demand area. The property is conveniently located at 185 Mallard Way, Mooresville, NC 28117, within Iredell County. Detailed financial information and further specifics are available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Golf Course
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R20 · Mooresville, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R20 in Mooresville, NC.
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