1035 Mecklenburg Hw

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1035 Mecklenburg Hw

Mooresville, NC 28115
Asking Price
$16.00M
Asset Type
Industrial
Class
Class B

What's Special

1035 Mecklenburg Highway is situated in the southern corridor of Mooresville, North Carolina, within a transitional industrial and commercial district. The property offers direct frontage on Highway 115, providing streamlined access to nearby Interstate 77 and the greater Charlotte metropolitan area. The surrounding neighborhood features a mix of automotive services, distribution centers, and retail trade businesses. Local amenities include several dining options and fuel stations located within a two-mile radius, supporting daily logistical operations and workforce needs. The facility is suited for small to mid-scale industrial operations, including light manufacturing, regional distribution, and contractor storage. Its functional layout and high-visibility location make it an appropriate fit for tenants in the construction, logistics, or wholesale trade sectors requiring a balance of warehouse space and accessibility. The site profile typically attracts established businesses seeking proximity to the Lake Norman business community and the diverse labor pool of Iredell County.

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NOI
$80,000
Cap Rate
0.50%
DSCR
0.08
Underwater
Cash-on-Cash
-18.12%
Monthly Payment
$79,159.27
Annual Cash Flow
$-869,911.241

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