106 W Moore Ave - Storefront Retail/Office FOR SALE


Mooresville, NC 28115 | 
$1,350,000 USD
704-533-3074
106 W Moore Ave, Mooresville, NC for Sale
$1,350,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | 5.89% Cap Rate

106 W Moore Ave
Mooresville, NC 28115


HIGHLIGHTS

  • Located in the Historic Downtown District
  • Long Term Tenant On Main Level
  • New 3 Year Lease On Second Level

OVERVIEW

FOR SALE- 188 N Main St. is the entire building including both suites, featuring the main level tenant On Tap beer and wine bar celebrating its 7 year anniversary August 2026 enjoying its current lease of 1,940 heated SF with a term of 10/1/24 to 8/30/29, with one renewal option of an additional 5 years. Lease income for this space is $45,600/yr with 3% escalations. Tenant pays proportionate share of taxes, insurance, utilities and all other expenses. Upstairs office space addressed as 106 W Moore Ave but directly above the ground floor space, is leased for $42,000/yr modified gross (landlord covers, taxes, insurance, water/sewer and maintenance) to a photography studio on a 3 year term starting 10-1-26 with 3% annual escalation's.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

5.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merchant and Farmers Bank Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

TD

APN/PARCEL ID

4667-12-3299.000

ASK ABOUT THIS PROPERTY

Rob Cassam JrCarolina Realty AdvisorsMore Info
704-533-3074

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Rob Cassam JrCarolina Realty AdvisorsMore Info
704-533-3074

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