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    5303 Mooresville Rd Salisbury, NC 28147-7659
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    Property profile & analytics

    5303 Mooresville Rd Salisbury, NC 28147-7659


    • Gas stations
    • 2,748 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Jul 8, 2024
    $15,000
    Property ID
    US53-0883875
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 5303 Mooresville Rd

    Year built
    1948
    Lot size
    0.35 lot acres
    Property size
    2,748 SF
    Zone code
    CBI
    Property type
    Gas stations
    APN
    466 051
    APU
    466051

    Description

    This freestanding retail building, situated on a 0.35-acre corner lot at 5303 Mooresville Road in Salisbury, NC, presents a compelling investment opportunity. The property enjoys excellent visibility on Highway 150, a key thoroughfare connecting Mooresville and Salisbury. Its location within a rapidly expanding residential area, marked by the development of several new subdivisions, ensures a strong potential customer base. The CBI zoning allows for a variety of uses, making it suitable for a small corner store, mechanic shop, or similar business. The building includes four underground storage tanks (USTs): three 1,000-gallon gasoline tanks and one 1,000-gallon kerosene tank. The condition of the USTs is currently unknown. Importantly, there is no existing well on the property. Currently, a tenant occupies the space under a month-to-month verbal lease agreement. This presents a unique chance to acquire a well-positioned retail property in a high-growth area, offering significant upside potential for the savvy investor. The asking price is $109,000. Serious inquiries are encouraged to explore this promising investment prospect further. The property's prime location and flexible zoning make it an attractive option for a variety of commercial ventures. The existing tenancy provides immediate cash flow, while the potential for redevelopment or lease renegotiation offers further opportunities for increased profitability.


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    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.5846
    Latitude
    35.6534
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $436
    $29,161
    $35,254
    $64,415
    -
    $29,161
    $35,254
    $64,415
    More about this property
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