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Offered by Lake Norman Realty, Inc.. Copyright 2021 Canopy MLS. All rights reserved.

Description

With 0.46 acres nestled off of the corner of Hwy 115 (Statesville Hwy) and Rinehardt Rd, this 3053 SF commercial property is an ideal opportunity for both experienced and new investors alike. In 2019, property was updated with new roof, new windows, new paint and new well storage building. New carport was placed in 2021. Property is currently on well and 2 bath septic, with city water and sewer available for tie in. Property boasts 2 bathrooms, onsite parking, bay door, waiting room, office, and substantial traffic flow. Hwy 115 has an AADT of 12,500, while Rinehardt Rd has an AADT of 1700, with expected growth. Highly desired new Mooresville Graded School District Middle School to be built on 70 acres off of Rinehardt Rd. Expected ground breaking August 2021, with an expected opening for the 2023-2024 school year. Property is currently tenant occupied, with a cap rate of approximately 7%. Do not disturb tenants or owner. Call agent for access.

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Based on information submitted to the MLS GRID as of 2021-09-16T23:33:47.467 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The Dan Jones Group | Carolina Real Estate Experts nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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112 Rinehardt Road Mooresville, NC 28115

  • Price: $375,000
  • Status: Active Under Contract
  • Updated: 223 min ago
  • ID#: 3758943
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1959
Built
Neighborhood:
Mooresville
County:
Iredell
Area:
Mooresville
Property Description
With 0.46 acres nestled off of the corner of Hwy 115 (Statesville Hwy) and Rinehardt Rd, this 3053 SF commercial property is an ideal opportunity for both experienced and new investors alike. In 2019, property was updated with new roof, new windows, new paint and new well storage building. New carport was placed in 2021. Property is currently on well and 2 bath septic, with city water and sewer available for tie in. Property boasts 2 bathrooms, onsite parking, bay door, waiting room, office, and substantial traffic flow. Hwy 115 has an AADT of 12,500, while Rinehardt Rd has an AADT of 1700, with expected growth. Highly desired new Mooresville Graded School District Middle School to be built on 70 acres off of Rinehardt Rd. Expected ground breaking August 2021, with an expected opening for the 2023-2024 school year. Property is currently tenant occupied, with a cap rate of approximately 7%. Do not disturb tenants or owner. Call agent for access.
Exterior Features

Number Of Drive In Doors Total 1 Other Parking Asp. Paving. 11 Parking Spots Road Frontage Type Paved Road Road Responsibility Public Maintained Road Roof MetalWood

Interior Features

Cooling None Flooring Concrete Heating None Utilities Septic TankWell

Property Features

CCRSubject To Undiscovered Commercial Location Description Freestanding Construction Status Complete HOASubject To None Inclusions BuildingLand Inside City YN Yes Listing Terms CashConventional Miscellaneous Reception AreaStorage Shed New Construction YN No Possible Use Commercial Property Sub Type Commercial Restrictions Other - See Media/RemarksN/A Restrictions Description Per Zoning Special Listing Conditions None Structure Type Business Tax Assessed Value 101480 Transaction Type For Sale Zoning Description Hb



Based on information submitted to the MLS GRID as of 2021-09-16T23:33:47.467 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither The Dan Jones Group | Carolina Real Estate Experts nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

Digital Millennium Copyright Act
 
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The Dan Jones Group | Carolina Real Estate Experts
15905 Brookway Dr Unit 4108
Huntersville NC, 28078
Offered by Lake Norman Realty, Inc.. Copyright 2021 Canopy MLS. All rights reserved.