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 transitioning corridor near the town’s historic center. The neighborhood features a mix of established residential pockets and evolving commercial storefronts. Nearby amenities include local dining options, small-scale service businesses, and public parks. The property is positioned with direct road frontage and offers proximity to NC-115 (Main Street) and NC-150, providing regional connectivity to the broader Lake Norman area and Interstate 77. The site is suited for diverse retail applications, including neighborhood-scale boutiques, showrooms, or specialty service providers. Its configuration supports businesses requiring high visibility and pedestrian or vehicular accessibility. Ideal tenants typically include local entrepreneurs, professional service firms, or small-format retailers looking to establish a presence in a growing community. The layout offers flexibility for users prioritizing a central location within a suburban market.

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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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