642 Carpenter Ave, Mooresville, NC 28115-2538
- Medical Office Space
- 3,636 SF
- 0.69 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 642 Carpenter Ave
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Zone code
- DE
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 4667-41-1369.000
- APU
- 4667411369000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 25, 2025 | $775,000 | Lamond Properties LLC | Lyon Holdings LLC | Warranty Deed | — |
| Jan 3, 2003 | $400,000 | Lyon Holdings LLC | Camhall,p | Grant Deed · related | — |
| Jan 5, 1988 | $50,000 | Francis Michael Campbell | Unknown | Grant Deed | — |
| — | — | Lyon Holdings LLC | — | Deed Of Trust · related | $217k · Branch Bk&tr |
Description
This exceptional 3,669 square foot freestanding office building is ideally situated in the heart of Mooresville, North Carolina, at 642 Carpenter Avenue. Boasting a highly desirable location amongst government buildings and medical practices, this property presents a unique opportunity for businesses or medical professionals seeking a thriving environment. The building features a welcoming and spacious reception area, a dedicated conference room for meetings and presentations, and eight individual offices providing ample private workspaces. A sizable area is also available, perfect for use as a nurses' station or copy room, adding versatility to the layout. The property benefits from dual entry/exit points, ensuring convenient access and flow. Ample parking is provided for staff and clients, a significant advantage in this busy area. The property sits on a 0.69-acre lot and is zoned DE - Downtown Extension. Furthermore, a 100 KW Generac generator ensures uninterrupted power supply, providing peace of mind and business continuity. This turnkey office building offers a compelling combination of location, functionality, and modern amenities, making it an exceptional investment opportunity. The asking price is $850,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $845,000
- 6.5%
- $780,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $876,000
- AI Estimate
- $548,000
Market price range: $425k - $890kMarket price range: $235k - $597k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $710,000 Current use
- OFFICE BUILDING
- $660,000 Change: -7% Conversion: Easy
- COMMERCIAL (GENERAL)
- $630,000 Change: -11% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Mooresville
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.8022
- Latitude
- 35.5814
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
