Property profile

201 N Church St Mooresville, NC 28115

FOR LEASE
Strip malls
Property ID
US53-1489744
106,410 SF 2.27 ac lot Built 2021
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,554 square foot retail space is situated in a vibrant downtown location, ideally positioned beneath a 90-unit luxury apartment complex (Mill One). The property, part of a twelve-suite building constructed in 2021, offers a fantastic opportunity for a business seeking high visibility and foot traffic. Located directly adjacent to Liberty Park, the space boasts the potential for outdoor seating, capitalizing on the park's scenic appeal. The building sits on a 2.3-acre lot and is a four-story structure. Suite 107 is currently in shell condition, providing complete flexibility for build-out to perfectly match a tenant's specific requirements and brand aesthetic. A significant tenant improvement allowance of $40 per square foot is available to qualified tenants who meet acceptable lease terms. The surrounding area features a thriving mix of established restaurants and retailers, ensuring a strong customer base and synergistic environment. This is a rare opportunity to establish a presence in a rapidly developing and highly desirable downtown area. The property's prime location, combined with the generous tenant improvement allowance, makes this an exceptional investment for discerning businesses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2021
Construction CONCRETE
Total area 106,410 SF
Lot 2.27 ac (99,055 SF)
Zoning code TD
APN 4667-21-0977.000
UPID US53-1489744

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Specialty Food Shop (Bike/Boat/Book/etc) Store
  • Physician
  • Restaurant
  • Hair Salon

Location

201 N Church St Mooresville, NC 28115
Mooresville metro Census 61601 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M

Owner & transaction history

since 2019
4 recorded transactions
2019
$1.0M
2018
Price N/A
2017
$150,000
1992
$225,000

Zoning & alternative use

TD · Mooresville, NC
Zoning description

The TD (Traditional Downtown) district is intended to support and preserve the urban form of downtown Mooresville. District standards support the development of the downtown as a focal point in Mooresville with an intens…

General category MIXED_USE

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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