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: 9/23/26 at 3:49 pm

Exterior

  • GeneralBarn(s), Tenant House
  • StyleTraditional
  • Other StructuresDeck, Patio, Covered
  • ParkingAsphalt, Storage, Workshop in Garage
  • PoolHeated, In Ground, Outdoor Pool, Pool Cover

Location

  • Road/AccessState Road
  • Originating MLSmibor
  • School DistrictMooresville Con School Corp
  • CountyMorgan
  • HOA AmenitiesManagement, Insurance, Park, Playground, Security, Snow Removal, Entrance Common, Insurance, Park Playground, Management, Security, Snow Removal, 350.0, Semi- Annually

Lot

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

Utilities

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

Financial

  • Sourcemibor

Interior

  • GeneralAttic Access, Bath Sinks Double Main, Built-in Features, High Ceilings, Tray Ceiling(s), Ceiling Vaulted, Kitchen Island, Entrance Foyer, Paddle Fan, Hardwood Floors, Hi- Speed Internet Availbl, In- Law Arrangement, Eat-in Kitchen, Wired for Data, Pantry, Smart Thermostat, Storage, Walk- In Closet(s), Wet Bar, Wood Work Stain/ Painted
  • AppliancesElectric Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Humidifier, Exhaust Fan, Microwave, Oven, Electric Oven, Range Hood, Refrigerator, Bar Fridge, Ice Maker, Tankless Water Heater, Warming Drawer, Washer, Water Heater, Water Softener Owned, Wine Cooler
  • LaundryConnections All, Laundry Room, Main Level, Sink
  • FlooringHardwood
  • A/CCentral Air
  • HeatingNatural Gas
  • FireplaceBasement, Great Room, Hearth Room, Fireplaces: 3
  • BasementDaylight, Egress Window(s), Exterior Entry, Finished, Finished Ceiling, Finished Walls, Full, Interior Entry, Storage Space, Walk- Out Access

Construction

  • WindowsSkylight(s)
  • GeneralTwo, Concrete Perimeter
  • RoofingShingle

Schools

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