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22488007
31109213

222 S Main St, Mooresville, NC 28115 For Sale

NG
NC 268640
Linville Team Partners
Listed by Linville Team Partners
$24,800,000
515 days on market
Updated 43 days ago

Station Two22

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 82,986
Cap Rate 5.25%
Year Built 2023
Buildings 1
Stories 4
Acreage 2.730

LUXURY MULTI-FAMILY CHARLOTTE MSA

Marketing description

Presenting a prime investment opportunity, this property offers 82 modern units, ideally suited for multifamily or high-rise development, along with 9,200 SF of retail space. Built in 2023, the property reflects contemporary design and construction, catering to the expectations of discerning residents and retailers. Strategically situated in the thriving Mooresville area, this development holds substantial potential for growth and desirability. The property's modern amenities and architectural appeal, combined with its advantageous location, present an attractive prospect for investors seeking to establish a premium multifamily, high-rise, and retail community in this dynamic and sought-after market. With a focus on contemporary living, exceptional quality, and retail opportunities, this property represents a compelling investment opportunity in Mooresville's vibrant landscape.

Investment highlights

  • Located in Mooresville- North Carolina’s Fastest Growing City!
  • Incredibly Well Located- Charlotte MSA, second largest banking hub in the USA.
  • High Growth Area- Average rents in MSA at $1,578 with room to grow. Proximity to highly-ranked schools and Lake Norman. Mooresville 2023 wage growth was 4.5%.
  • Attractive Seller Participation- Some seller rollover equity available.
  • Highly-Curated Commercial/Residential Mix- Station Two22 has a diverse mix of tenants that serve as an added amenity to the tenants and diversify the income for a landlord.

Listing Contacts

NG
NC 268640
Linville Team Partners
Listed by Linville Team Partners

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