Rare Opportunity – Former Gray’s Restaurant | Turnkey or Redevelopment Site – Price Drop! Motivated! just reduced the price on this iconic former restaurant space, creating an exceptional opportunity for investors, developers, or restaurateurs! Located in a high-visibility, well-traveled area, this property is ideal for a turnkey restaurant setup-with existing kitchen infrastructure, dining space, and layout ready to go-or perfect for redevelopment into a retail, mixed-use, or commercial concept. The building offers flexible zoning, ample parking, and strong traffic counts, making it a strategic site for a variety of business models. Whether you’re launching your next dining concept or reimagining the site entirely, this is a property with strong bones and endless potential. Priced to sell – bring offers!

Date Added: 2/15/25 at 6:00 am
Last Update: 5/13/26 at 3:34 pm

Location

  • Road/AccessState Road
  • Originating MLSmibor
  • School DistrictMooresville Con School Corp
  • CountyMorgan
  • HOA Amenities500.0, Annually

Lot

  • TopographyHilly, Level, Pasture, Pond, Sloping, Stream, Varied, Wooded
  • ZoningCommercial, S36 T14 R1e Pt E Sw 3 A., 550136380006000005
  • Current UseRestaurant
  • ViewForest, Pasture, Rural, Skyline, Trees/ Woods, Valley, View
  • FencingChain Link, Partial, Gate

Utilities

  • WaterMunicipal Water on Site, Well on Site
  • SewerSeptic Tank
  • UtilitiesNatural Gas Connected, Sewer Connected, Water Connected

Financial

  • Sourcemibor

Exterior

  • GeneralBarn(s), Tenant House
  • StyleColonial
  • Other StructuresBreeze Way, Deck, Covered
  • ParkingAsphalt, Storage, Workshop in Garage
  • PoolHeated, Outdoor Pool, Pool Cover

Interior

  • GeneralBuilt-in Features, High Ceilings, Kitchen Island, Hardwood Floors, Smart Thermostat, Wood Work Stain/ Painted
  • AppliancesGas Cooktop, Disposal, Gas Water Heater, Exhaust Fan, Microwave, Oven, Double Oven, Refrigerator, Other
  • LaundryConnections All, Main Level
  • A/CCentral Air
  • HeatingNatural Gas
  • FireplaceBasement, Library, Great Room, Fireplaces: 3
  • BasementCeiling - 9+ feet, Finished, Finished Ceiling, Finished Walls, Full, Storage Space, Walk- Out Access

Construction

  • GeneralTwo, Concrete Perimeter, Full
  • RoofingShingle

Schools

  • DistrictMooresville Consolidated School Corporation
  • MiddlePaul Hadley Middle School
  • HighMooresville High School
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