Property summary
This exceptional 5,900 square foot retail or restaurant space is located at 275 S. Broad Street in the heart of Downtown Mooresville, North Carolina. Built in 1986 and completely renovated in 2023, this single-tenant property sits on a 0.43-acre lot and is classified as a Class B building. The property features a single story and is zoned TD, offering flexibility for a variety of uses under the new Unified Development Ordinance (UDO). The building's existing infrastructure is well-suited for restaurant operations. The 5,900 square feet of vacant space presents a blank canvas for a creative entrepreneur to establish a thriving business in this rapidly growing downtown area. Its strategic location within the vibrant Downtown Mooresville submarket ensures high visibility and accessibility to a large customer base. The property's convenient location minimizes parking concerns, a significant advantage in a bustling downtown setting. The Iredell County location (APN 4657918017.00) offers a strong foundation for a successful venture, capitalizing on the energy and growth of Mooresville's downtown core. This is a unique chance to establish a prominent presence in a thriving community. The property's recent renovation ensures a move-in ready condition, allowing for immediate occupancy and business commencement. This presents a rare opportunity to establish a business in a prime location with minimal upfront investment in renovations.
Property profile
VerifiedCap rate & NOI
Current use
-
Charitable Organization Social Service Agency
-
Food Bank Charitable Organization
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
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
and get 1 Light Report
- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning