627 Gum Stree

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627 Gum Stree

Mooresville, NC 28115
Asking Price
$895K
Asset Type
Retail
Class
Class B

What's Special

627 Gum Street is located in Mooresville, North Carolina, situated within a developing mixed-use corridor near the town’s historic center. The neighborhood features a blend of established industrial sites and emerging residential pockets. Local amenities include various independent dining options, small-scale service businesses, and public parks within a one-mile radius. The property is positioned for regional accessibility via nearby NC-115, providing a direct connection to the greater Charlotte metropolitan area and Interstate 77. The property is suited for general retail operations, boutique showrooms, or service-oriented commercial uses. Its layout and street frontage support businesses that benefit from local foot traffic and neighborhood visibility. Typical tenants for this location include specialty retailers, fitness studios, and professional service offices seeking a presence in a transitioning submarket. The site's versatility allows for single-tenant occupancy or a subdivided multi-unit retail configuration.

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NOI
$80,000
Cap Rate
8.94%
DSCR
1.51
Strong
Cash-on-Cash
10.01%
Monthly Payment
$4,427.972
Annual Cash Flow
$26,864.34

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