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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.
Listed by Elizah Kessler of Lake Norman Realty,Inc.

Property Details of 112 Rinehardt Road

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