Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TD · Mooresville, NCThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TD in Mooresville, NC.
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