201 Church StMooresville, NC 28115

Property Details for 201 Church St

Year built

2021

Construction

CONCRETE

Lot size

2.27 AC

Property size (Sq ft)

106,410 SF

Zone code

TD

Property type

Retail properties

Property subtype

Strip malls

APN

4667-21-0977.000

APU

4667210977000

Description

This exceptional 3,554 square foot retail space is situated in a vibrant downtown location, ideally positioned beneath a 90-unit luxury apartment complex (Mill One). The property, part of a twelve-suite building constructed in 2021, offers a fantastic opportunity for a business seeking high visibility and foot traffic. Located directly adjacent to Liberty Park, the space boasts the potential for outdoor seating, capitalizing on the park's scenic appeal. The building sits on a 2.3-acre lot and is a four-story structure. Suite 107 is currently in shell condition, providing complete flexibility for build-out to perfectly match a tenant's specific requirements and brand aesthetic. A significant tenant improvement allowance of $40 per square foot is available to qualified tenants who meet acceptable lease terms. The surrounding area features a thriving mix of established restaurants and retailers, ensuring a strong customer base and synergistic environment. This is a rare opportunity to establish a presence in a rapidly developing and highly desirable downtown area. The property's prime location, combined with the generous tenant improvement allowance, makes this an exceptional investment for discerning businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $37,709,744

  6.5%

  $34,808,992

  7%

  $32,322,638

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,409,064

  Geo Method

  $45,409,064

• Alternative Use

  Use

  Valuation

  Residential

  $29,362,688

  Hospitality

  $26,896,064

  Educational

  $22,377,210

  Medical

  $23,146,796

  Retail

  $34,808,992

Location Insight

City

Mooresville

County

Iredell

State

North Carolina

Latitude

35.5829

Longitude

-80.8093

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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