274 N MAIN ST

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274 N MAIN ST

mooresville, NC 28115-2528
Asking Price
$3.24M
Asset Type
Retail
Class
Class B

What's Special

274 N Main St is located in the historic heart of downtown Mooresville, North Carolina. The neighborhood is characterized by a mix of restored brick architecture, local boutiques, and professional offices, creating a high-traffic pedestrian environment. The property is situated within walking distance of numerous local restaurants, community parks, and municipal buildings. Access to the site is provided via Main Street, a primary north-south thoroughfare, with proximity to Highway 115 and Interstate 77, facilitating regional connectivity to the greater Charlotte metropolitan area. The property is well-suited for retail use cases, including specialty clothing boutiques, artisan showrooms, or small-scale consumer service centers. Its location favors tenants looking to leverage the area's established foot traffic and community-centric atmosphere. The typical tenant profile includes independent local business owners or regional retailers seeking a storefront with high visibility and architectural character. The interior layout and central position within the business district support businesses that benefit from synergistic proximity to existing downtown hospitality and retail establishments.

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NOI
$80,000
Cap Rate
2.47%
DSCR
0.42
Underwater
Cash-on-Cash
-11.55%
Monthly Payment
$16,019.857
Annual Cash Flow
$-112,238.287

Location & Travel Times