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212 N MAIN ST
MOORESVILLE, NC 28115-2528
Asking Price
$1.20M
Asset Type
Mixed-use
Class
Class B
What's Special
Mixed Use | 4,654 SqFt <p>A downtown Mooresville Historic building, formerly known as the "Cotton" Ketchie's building has recently had its exterior redone and is ready for an investor or owner users. The sale of this building includes fully approved plans to have the second level converted into a two-bedroom, two-bath.</p><p></p><p>Optimal for both an owner-user or an investment purchase, the pro forma cap is approximately 7%. The space is currently a shell space cleaned and prepped for the final stages of development
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657