Salon Storefront with Six Styling
For Sale
$375,000
2617 S Main Street, Concord, NC 28027
The existing salon layout includes a dedicated laundry room.
Property Size1,943 SF
Days on Market51
Property Features for 2617 S Main Street
General Information
Standard status
Active
Size
1,943 SF
Property subtype
Retail
Amenities
Level, Paved
Public Sewer
Additional parcels description:, Parcel Number: 561285117500, Assessed Value: $142,070, Zoning: GC
Tile
Gross Income: $7,000, Gross ScheduledIncome: $39,000, Net Operating Income: $36,500
Heat Pump
Central
Listing ID: CAR4413686, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, Special Conditions: None
12 open parking spaces, 12 total parking spaces, Other Parking: paved parking lot
Built in 1943, Construction Materials: Wood
Operating: $2,500
County/Parish: Cabarrus
Electricity Connected, Water Source: City
Crawl Space
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Carbon Monoxide Detector(s), Smoke Detector(s)
Two or More Access Exits, Bath 60 Inch Turning Radius, Bath Grab Bars, Swing In Door(s), Entry Slope less than 1 foot, No Interior Steps
Building Details
Building Size
1,943 SF
Year Built
1943
Listing Agency:
Redwood Realty Group LLC
(704) 345-5112
Listed By:
Martha Oliver · License #216188
(980) 356-2704
Source:
Blackstreaminternational
Added: Aug 18
Changed: Oct 6
Last Checked: Oct 5 at 7:32PM
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 Redwood Realty Group LLC
Investment Insights
Based on property information with market context.
This storefront property is configured as an established beauty salon with six styling booths and a laundry room. The layout is designed around salon services and client use, with the booth count providing a clearly defined interior configuration.
Constructed in 1943, the property is located at 2617 S Main Street in Concord, NC. A railroad easement is associated with the property.
Constructed in 1943, the property is located at 2617 S Main Street in Concord, NC. A railroad easement is associated with the property.
Key Highlights
- Six styling booths
- Dedicated laundry room
- Established beauty salon configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,758
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,160
$595.2K
Cap Rate 7%
$425,114
$425.1K
Cap Rate 9%
$330,644
$330.6K
Market Conditions
NOI Build-Up for 1,943 SF
Gross rent
$45.5K $23.40/SF
− Vacancy
−$3.0K −$1.52/SF
EGI
$42.5K $21.88/SF
− OpEx
−$12.8K −$6.56/SF
NOI
$29.8K $15.32/SF
Area
Concord, NC
Vacancy
6.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,160
Cap Rate 7%
$425,114
Cap Rate 9%
$330,644
Alternative Uses
Best Use
Retail
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$529.5K
$463.3K – $617.7K
NOI $37,064 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
12,186 visits/mo
0.4 miles
Hilbish Ford
Shops & Services
4,628 visits/mo
0.4 miles
Sunoco
Shops & Services
1,714 visits/mo
0.3 miles
Demographics for 28027, NC
76,478
Population
31,450
Households
2.4
Avg Household Size
36
Median Age
43%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
1,108
Density / Sq Mi
$89,101
Median Household Income
$48,976
Median Earnings
$1,433
Median Rent
$341,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - The existing salon layout includes a dedicated laundry room.
Where is this storefront property located?
The property is located at 2617 S Main Street Concord, NC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Six styling booths; Dedicated laundry room; Established beauty salon configuration
