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    OFF-MARKET
    Drive through restaurants

    260 Main St, Mooresville, NC 28115-3166

    2,405 SF 0.74 ac lot Built 1973
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US53-2179907
    Property summary
    AI-generated overview

    This exceptional ±0.82-acre site presents a prime opportunity for multi-family development in the heart of Mooresville, North Carolina. Approved for a 37-unit project, this land offers significant potential for investors seeking a high-return venture. The property is ideally located on 260 S Main St, just steps away from Mooresville's vibrant downtown area, boasting a thriving retail scene, diverse restaurants, and an active nightlife. Its convenient location ensures easy access to amenities and a desirable lifestyle for future residents. The site's APN numbers are 4667002847, 4667001847, and 4667002893. Furthermore, this development opportunity is situated within the highly-regarded Mooresville Graded School District, a top-ranked school system in North Carolina, making it particularly attractive to families. The asking price for this exceptional property is $1,406,000. The property is zoned for residential multi-family use and includes ample space for parking to accommodate the planned 37 units. This location offers a blend of urban convenience and suburban tranquility, making it an ideal location for a thriving multi-family community. The property's proximity to downtown Mooresville ensures residents have easy access to a variety of shops, restaurants, and entertainment options. This is a rare opportunity to acquire a well-situated, approved development site in a rapidly growing area.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1973
    Construction WOOD
    Total area 2,405 SF
    Lot 0.74 ac (32,322 SF)
    Zoning code TD
    APN 4667-01-2050.000
    UPID US53-2179907
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Thai Thai Cafe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    JIMMY MARGIOTIS
    JIMMY MARGIOTIS
    Zoning & alternative use
    TD · Mooresville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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