1007 Howard St - Assisted Livings FOR SALE


Mocksville, NC 27028- Davie
$8,300,000 USD
704-433-9949
1007 Howard St, Mocksville, NC for Sale
$8,300,000 USD
Assisted Livings - FOR SALE
1/5
null | Request Cap Rate

1007 Howard St
Mocksville, NC 27028
Davie


OVERVIEW

Premier Real Estate Team is pleased to offer 1007 Howard St, a ±35,000 SF institutional facility on ±6 acres in Mocksville, NC. Originally constructed as a nursing home, the building has undergone significant improvements, including a newly constructed greenhouse, metal roof, electrical, HVAC, etc, and over $800,000 in capital upgrades, creating a turnkey opportunity with exceptional value-add potential. A 2023 appraisal valued the property at $8.1M vacant and $8.9M stabilized—prior to recent improvements—offering buyers immediate built-in equity. The property features 70 rooms, conference and office spaces, a large commercial kitchen, and flexible zoning, making it suitable for a range of institutional, residential, or redevelopment strategies. The site includes paved parking, an upgraded entry, and infrastructure to support additional expansion. Ideal for investors, developers, or 1031 buyers seeking scale, land, and repositioning potential in a supply-constrained submarket. Note: Sale includes real estate only. Business and operations are not for sale. Confirm intended use with the local zoning municipality. Investment Highlights +/-40,000 SF Facility on nearly 6 acres with established institutional partnerships Multi-Phase Expansion Plan with $450,000 secured grant funding for tiny homes Proven Demand – Salisbury VA reports a 90-day veteran housing waitlist Institutional & Mission-Driven Investment – Ideal for 1031 buyers, public-private partnerships, and impact investors Multiple Revenue Streams – Includes a commercial kitchen, office/conference spaces, and long-term redevelopment potential

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

5.21 AC

LAND SF

226,948 SF

ZONING

Neighborhood Residential

APN/PARCEL ID

J4-120-A0-001

ASK ABOUT THIS PROPERTY

Nate BrinkPremier Real Estate TeamMore Info
704-433-9949

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Nate BrinkPremier Real Estate TeamMore Info
704-433-9949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.