222 S Main St - Apartments FOR SALE


Mooresville, NC 28115
$26,200,000 USD
336-724-1715
222 S Main St, Mooresville, NC for Sale
$26,200,000 USD
Apartments - FOR SALE
1/63
null | 5% Cap Rate

222 S Main St
Mooresville, NC 28115


HIGHLIGHTS

  • Collaborative and community oriented Mooresville-based seller
  • Extremely limited supply and high barrier to entry

OVERVIEW

Located in Mooresville- North Carolina’s Fastest Growing City! Incredibly Well Located- Charlotte MSA, second largest banking hub in the USA. High Growth Area- Average rents in MSA at $1,578 with room to grow. Proximity to highly-ranked schools and Lake Norman. Mooresville 2023 wage growth was 4.5%. Attractive Seller Participation- Some seller rollover equity available. Highly-Curated Commercial/Residential Mix- Station Two22 has a diverse mix of tenants that serve as an added amenity to the tenants and diversify the income for a landlord.

FOR SALE DETAILS

PRICE

$26,200,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

84

PRICE/UNIT

$311,905

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Station Two22

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,290 SF

ZONING

-

APN/PARCEL ID

4667-01-5243.000

ASK ABOUT THIS PROPERTY

Nick Gonzalez, CCIMLinville Team PartnersMore Info
336-724-1715

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Nick Gonzalez, CCIMLinville Team PartnersMore Info
336-724-1715

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