690 River Highway Unit #3 - Freestanding FOR SALE


Mooresville, NC 28117
$1,500,000 USD
704-663-0990
690 River Highway Unit #3, Mooresville, NC for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/27
null | Request Cap Rate

690 River Highway Unit #3
Mooresville, NC 28117


HIGHLIGHTS

  • This outparcel presents an excellent opportunity with Mooresville’s strong growth, high-income demographics, and bustling retail.
  • Approx. 57,000 residents, Average Income: $110,000+, Over 15,000 employees in a 5 mile radius.
  • Well-equipped for development with nearby access to essential utilities and infrastructure.

OVERVIEW

Positioned along Mooresville’s primary commercial corridor, 690 River Hwy presents a rare opportunity to secure a high-visibility site in the heart of the Lake Norman trade area. Located on River Highway (NC 150), just minutes from Interstate 77, this property benefits from exceptional daily traffic exposure and strong surrounding retail synergy. The ±1.3-acre parcel is situated within one of the most active retail corridors in southern Iredell County, surrounded by national retailers, medical providers, dining establishments, and essential service users. The location offers immediate access to dense residential neighborhoods, established commercial centers, and continued area growth — creating a powerful combination of visibility, accessibility, and long-term positioning. Zoned CMX (Commercial Mixed Use), the site provides flexibility for a variety of uses including retail, restaurant, medical, professional office, and service-oriented concepts. The property’s flat topography and direct frontage along Highway 150 make it well-suited for development or build-to-suit opportunities. As available commercial land along River Highway becomes increasingly limited, 690 River Hwy represents a strategic opportunity for developers, investors, and owner-users seeking to establish or expand their presence in one of the Lake Norman region’s most dynamic corridors.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$882 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,846 SF

ZONING

CM

APN/PARCEL ID

4647-17-4660.000

ASK ABOUT THIS PROPERTY

Sarah PayneMooresville Commercial RealtyMore Info
704-663-0990

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Sarah PayneMooresville Commercial RealtyMore Info
704-663-0990

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