Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant or Event Space Available Title is generated by Realmo AI

    26 Union St S, Concord, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant or event space with skyline views and outdoor area.

    Type:RETAIL
    Property size:
    2,092 SF
    Lot size:
    0.38 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    234
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 26 Union St S

    General Information

    Standard status
    Active
    Size
    2,092 SF
    Lot size
    0.38 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 26 Union St S Contact us

    We can help!

    Listing Contact
    Steven Tice, CCIM
    Steven Tice, CCIM

    Listing agent Steven Tice, CCIM

    Listing office Mortice Commercial Real Estate LLC

    Listing date Sep 25, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mortice Commercial Real Estate LLC

    HighLights

    • 2,092 SF interior space with an additional 1,023 SF of covered balcony/patio.
    • Enjoy skyline views.
    • Suitable for restaurant, cocktail lounge, or event venue.
    • Top‑floor location.
    • Blends indoor‑outdoor experiences.
    • Open layout adaptable to creative office space.

    Overview

    This property features a 2,092 square-foot interior space complemented by a 1,023 square-foot balcony and patio area that is mostly covered. The space is suitable for a restaurant, cocktail lounge, or event venue. The property's location on the top floor provides skyline views. The open layout also allows for the possibility of transforming the space into a creative office environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Pb&j's Catering — 96 Church St NE, Concord, NC 28025
    • Bocca Felice, LLC — 30 Union St N, Concord, NC 28025
    • B& K Tea Cafe — 17 Union St N, Concord, NC 28025

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.5809
    Latitude
    35.41

    Nearby Similar for Lease

    • $22 SF/Yr
      2,909 SF

      Retail/Office Space in Concord, NC

      Versatile retail or office space for lease in Concord.
      2361 Concord Lake Road, Concord, NC 28025
      View Details
    • $3,250/Mo

      Downtown Concord Commercial Space Available

      Prime commercial space in the heart of Downtown Concord.
      14 Cabarrus Avenue W, Concord, NC 28025
      View Details
    • $3,500/Mo
      1,000 SF

      Professional Coworking Space in Concord

      Turn-key coworking space with amenities in downtown Concord.
      57 Union St S, Concord, NC
      View Details
    • $23 SF/Yr
      3,549 SF

      Downtown Retail/Office Space Available

      Highly visible space in Concord's revitalized downtown area.
      30 S Union St, Concord, NC
      View Details
    • Contact for pricing
      67,466 SF

      Neighborhood Center Anchored by Harris Teeter

      67,466 SF neighborhood center in Concord, North Carolina.
      9900 Poplar Tent Road, Concord, NC 28027
      View Details
    • Contact for pricing
      137,657 SF

      Carolina Mall Retail Opportunity

      Former Sears available for lease in Carolina Mall.
      1480 Concord Parkway North, Concord, NC 28025
      View Details
    • Contact for pricing

      Retail Site Near Concord Mills

      Retail site with freeway visibility and strong traffic counts.
      8455 Pit Stop Ct NW, Concord, NC 28027
      View Details
    • $22 SF/Yr
      2,773 SF

      New Office Building For Rent

      Newly constructed office building with spaces available for rent.
      2339 Odell School Rd, Concord, NC
      View Details
    • $25 SF/Yr
      1,351 SF

      Concord Office Space For Rent

      Office space available near I-85 and Highway 29.
      270 Copperfield Blvd NE, Concord, NC
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      79,579 SF retail center in Concord, North Carolina.
      5151 Poplar Tent Road, Concord, NC 28027
      View Details
    • $41 SF/Yr
      678 SF

      Downtown Concord Retail Space Available

      Highly visible retail suite in revitalized Concord city center.
      25 Barbrick Ave SW, Concord, NC
      View Details
    • Contact for pricing

      Retail Space Near Concord Mills

      Retail property with high visibility near Concord Mills and I-85.
      8660 Concord Mills Blvd, Concord, NC 28027
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant or event space with skyline views and outdoor area.
    Where is this restaurant located?
    The property is located at 26 Union St S Concord, NC.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 2,092 SF interior space with an additional 1,023 SF of covered balcony/patio.; Enjoy skyline views.; Suitable for restaurant, cocktail lounge, or event venue.
    (704) 794-2294 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Tice, CCIM
    Steven Tice, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    26 Union St S, Concord, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!