High-Frontage C-2 Redevelopment
286 Concord Pkwy S Concord, NC 28025
286 Concord Pkwy S, Concord, NC, 28025
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For Sale
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C-2 zoned parcel with 150 feet of US-29 frontage and a 40,328 VPD count, suited for redevelopment.
Property Size1,812 SF
Lot Size0.52 Acres
Price / SF$441.50
Days on Market113
Property Features for 286 Concord Pkwy S
General Information
- Standard status
- Active
- Size
- 1,812 SF
- Lot size
- 0.52 Acres
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1967
Listing agency
CK Select Real Estate
(704) 791-9469
Listed by
Kirk Hanson · License #235328
Source
Crexi
Added: Mar 31 Updated: Jul 20 at 11:54PM Checked: Jul 20 at 11:54PM
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 CK Select Real Estate
Investment Insights
Based on property information with market context.
A prime C-2 redevelopment parcel offering 0.52 acres and 150 linear feet of frontage on US-29. The property includes an existing 1,288 SF structure that carries minimal value relative to the land, making it well suited for a demolish-and-build approach for a new commercial development.
Traffic counts are supported by NCDOT 2024, with 40,328 vehicles per day. The site is located in the City of Concord within an established retail corridor, immediately surrounded by prominent QSR and retail operators including McDonald’s, Chick-fil-A, Waffle House, Cook Out, KFC, Taco Bell, Burger King, AutoZone, Food Lion, and Big Lots.
With C-2 zoning, the City of Concord supports a broad range of commercial uses, including drive-through QSR and fuel/convenience-style concepts, as well as standalone medical/dental, financial services, and owner-user retail or service uses. NOI and tenant information are available upon request to qualified buyers, and buyers should conduct all due diligence.
Traffic counts are supported by NCDOT 2024, with 40,328 vehicles per day. The site is located in the City of Concord within an established retail corridor, immediately surrounded by prominent QSR and retail operators including McDonald’s, Chick-fil-A, Waffle House, Cook Out, KFC, Taco Bell, Burger King, AutoZone, Food Lion, and Big Lots.
With C-2 zoning, the City of Concord supports a broad range of commercial uses, including drive-through QSR and fuel/convenience-style concepts, as well as standalone medical/dental, financial services, and owner-user retail or service uses. NOI and tenant information are available upon request to qualified buyers, and buyers should conduct all due diligence.
Key Highlights
- 0.52‑acre C‑2 general commercial parcel with 150 ft of frontage on US‑29 in Concord
- NCDOT 2024 traffic count of 40,328 VPD on US‑29 provides strong exposure for redevelopment
- Existing 1,288 SF structure included; minimal value attributed to the land in the listing
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $27.00 |
| − Vacancy | −$2.8k | −$1.57 |
| EGI | $46.1k | $25.43 |
| − OpEx | −$11.5k | −$6.36 |
| NOI | $34.6k | $19.08 |
1,812 SF · lease $27.00/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$493.8K
$432.1K – $576.1K
NOI $34,565 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$396.4K
$346.9K – $462.5K
NOI $27,751 @ 7.0% cap · market cap 3.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tony's Inspections
Vehicle Inspection Center
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - C-2 zoned parcel with 150 feet of US-29 frontage and a 40,328 VPD count, suited for redevelopment.
Where is this commercial land located?
The property is located at 286 Concord Pkwy S Concord, NC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 0.52‑acre C‑2 general commercial parcel with 150 ft of frontage on US‑29 in Concord; NCDOT 2024 traffic count of 40,328 VPD on US‑29 provides strong exposure for redevelopment; Existing 1,288 SF structure included; minimal value attributed to the land in the listing
