Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Specialty properties

    627 Gum St, Mooresville, NC 28115

    12,079 SF 1.48 ac lot Built 1913
    Entity Owned 2-yr Hold
    Property ID
    US53-4016841
    627 Gum St, Mooresville, NC 28115 For Sale
    $895,000 12,079 SF
    627 Gum St, Mooresville, NC 28115
    View Listing →
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Use group CREMATORIUM, MORTUARY
    Year built 1913
    Construction WOOD
    Total area 12,079 SF
    Lot 1.48 ac (64,556 SF)
    Zoning code DE
    APN 4667-33-8682.000
    UPID US53-4016841
    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
    • Wayne Russell Funeral Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $535k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $545k
    Owner & transaction history
    Mv2 Investments LLC · 2 yrs held
    Mv2 Investments LLC
    since 2023
    Last sale
    $550,000
    6 recorded transactions
    2023
    $550,000
    2022
    $485,000
    2014
    $271,000
    1969
    1969
    1969
    Zoning & alternative use
    DE · Mooresville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message