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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Owner User
Sale Conditions
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,700 SF
Year Built
1967
Price
$2,053,095 CAD
Price Per SF
$1,207.70 CAD
Building Height
1 Story
Building FAR
0.03
Lot Size
1.31 AC
Zoning
CM - retail, office, and service-based businesses (verify intended use)- Great opportunity for businesses seeking strong location and exposure

Nearby Major Retailers

Five Guys
Kickback Jacks
Red Robin Gourmet Burgers And Brews
Steak ‘n Shake
Starbucks
Hickory Tavern
Chili's Grill & Bar
Teriyaki Madness
McAlister's Deli
First Citizens Bank

Property Taxes

Property Taxes

Parcel Number
4647-17-4660.000
Land Assessment
$707,508 CAD
Improvements Assessment
$1,876 CAD
Total Assessment
$709,384 CAD
  • Listing ID: 35704620

  • Date on Market: 2025-05-01

  • Last Updated:

  • Address: 690 River Highway Unit #3, Mooresville, NC 28117

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