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    00 Pitts School Rd Concord, NC 28027

    Sponsored
    For Sale
    $6,484,000

    25-Acre Tract, Highway 29 Proximity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 25.93-acre commercial land parcel presents a unique development opportunity in Concord, NC. Ideally situated less than half a mile from Highway 29 and a convenient 4.25 miles from Concord Mills and Interstate 85, this property boasts significant frontage and high visibility. Its strategic location offers easy access to major transportation arteries, ensuring convenient commutes for employees and customers alike. Currently zoned RM-2 and I-1, the property aligns perfectly with Concord's future land use plan, which designates this area for a Mixed Use Activity Center (MUAC). Detailed information regarding the MUAC zoning designation is available in the attached documents. This presents developers with a versatile canvas to create a thriving commercial project, capitalizing on the area's growth potential and strong infrastructure. The expansive acreage allows for a wide range of development possibilities, from retail and office spaces to residential components, all within a dynamic and rapidly developing area. The substantial size and prime location make this a rare and highly sought-after opportunity for investors and developers seeking to establish a significant presence in the Concord market. This is an exceptional chance to build a landmark project in a thriving community. Contact us today to learn more about this remarkable development opportunity.

    Property Features for 00 Pitts School Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,129,511 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.66552
    Latitude
    35.37008

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    FAQs

    What type of property is this?
    Commercial real estate - 25-Acre Tract, Highway 29 Proximity
    Where is this commercial real estate located?
    The property is located at 00 Pitts School Rd Concord, NC.
    What is the asking price?
    The asking price for this property is $6,484,000.
    (704) 786-7860
    Request Owner's contact information
    00 Pitts School Rd Concord, NC 28027
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    Concord, NC 28027
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 Pitts School Rd Concord, NC 28027
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