627 Gum St, Mooresville, NC 28115
For Sale
This exceptional 12,079 square foot commercial property, situated on a 1.48-acre lot at 627 Gum Street in the heart of Historic Downtown Mooresville, NC, presents a compelling investment opportunity. Currently configured as a second-generation funeral home, the building offers significant redevelopment potential for a variety of commercial uses. The property boasts ample parking with 40+ spaces, catering to the needs of both single and multi-tenant occupancies. Its CMX zoning allows for a wide range of commercial endeavors, making it an attractive prospect for entrepreneurs and investors alike. The substantial square footage provides flexibility for adaptive reuse, allowing for creative and innovative business plans. Located in a vibrant and growing downtown area, this property benefits from high visibility and convenient access to local amenities and transportation routes. The existing structure provides a solid foundation for immediate occupancy or extensive renovation, depending on the buyer's vision. This is a rare chance to acquire a significant commercial property in a desirable location with exceptional upside potential. The asking price is $699,000. Serious inquiries only.
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Wayne Russell Funeral Service Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DE · Mooresville, NCMooresville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.