Listed by Carolina Realty Advisors
$1,350,000
188 N Main Street
Details
APN 4667-12-3299.000
Property Type Retail
Sub Type Bar
Square Footage 3,880
Units 2
Cap Rate 5.50%
Occupancy 50%
Tenancy Multi
Lease Type NN
Remaining Term 3
Pro-Forma Cap Rate 5.56%
Pro-Forma NOI $75,000
Price per SqFt $348
Zoning TC
Investment Type Stabilized
Historic Mooresville Retail/Office Building For Sale- Income Producing
Marketing description
FOR SALE (188 N Main St.) is the entire building including both suites, and featuring the main level tenant beer and wine bar tenant operator celebrating its 7 year anniversary this August 2026- enjoying its current lease of 1,940 SF with a term of 10/1/24 to 8/30/29, one renewal option of an additional 5 years. Also included in the second floor space currently vacant and last used as office space with an address of 106 W Moore Ave. This space is this second story walk-up space located on the corner of N Main Street and Moore Street and above 188 N Main St., featuring 1,940SF of heated space. This is a great investment property opportunity. Do not disturb tenant.
Listing Contacts
Listed by Carolina Realty Advisors
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