Retail Building with Salon
39 Winecoff Avenue NW, Concord, NC 28025
For Sale
New
$535,000
Nine individual spaces have plumbing access and windows, serving beauty and wellness businesses.
Property Size1,969 SF
Price / SF$254.76
Days on Market4
Property Features for 39 Winecoff Avenue NW
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Road Access
Additional Details
Tenant in Place
Amenities
Corner Lot, Paved
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5621-43-5469-0000, Assessed Value: $394,490
Vinyl
Central Air
Heat Pump
Listing ID: CAR4441321, Standard Status: Active, MLS Status: Active, Property Subtype: Business, Special Conditions: Subject to Lease
Other Parking: Individual parking spaces are not currently marked with pavement striping. However, the property offers ample parking in both the front and rear of the lot, providing convenient access for tenants and their clients during business hours.
Built in 1969, Living area: 2100, 1 building, Construction Materials: Brick Full
County/Parish: Cabarrus
Water Source: City
Crawl Space
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Front Porch
Security System
Ramp(s)-Main Level
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
DM Properties & Associates
(704) 298-4154
Listed By:
Cameron McDonnell
(704) 557-6510
Source:
Blackstreaminternational
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:50PM
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 DM Properties & Associates
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Investment Insights
Based on property information with market context.
The 2,100-square-foot retail building contains nine salon suites, with six currently occupied by hair, barbering, and other beauty and wellness businesses. Suite layouts measure 12x9, 12x10, or 12x12; each has plumbing access and windows, while 12x10 suites also have closets. The property was built in 1969 and includes an HVAC system installed in 2021, along with refreshed interior finishes, replacement doors, updated gutters and downspouts, landscaping work, and a security system.
Positioned on a corner parcel, the building has frontage along two roads. Shopping and dining options, downtown Concord, and I-85 are nearby.
Positioned on a corner parcel, the building has frontage along two roads. Shopping and dining options, downtown Concord, and I-85 are nearby.
Key Highlights
- Nine suites; six are leased to beauty, barbering, and wellness professionals
- 2,100‑square‑foot retail property built in 1969
- Suite sizes include 12x9, 12x10, and 12x12; all have plumbing access and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,162
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,240
$643.2K
Cap Rate 7%
$459,457
$459.5K
Cap Rate 9%
$357,356
$357.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$49.1K $23.40/SF
− Vacancy
−$3.2K −$1.52/SF
EGI
$45.9K $21.88/SF
− OpEx
−$13.8K −$6.56/SF
NOI
$32.2K $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%
$643,240
Cap Rate 7%
$459,457
Cap Rate 9%
$357,356
Alternative Uses
Best Use
Retail
$459.5K
$402.0K – $536.0K
NOI $32,162 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$572.3K
$500.7K – $667.7K
NOI $40,059 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 26%
Home Improvements & Furnishings 2%
Dollar Tree
Shops & Services
18,406 visits/mo
0.3 miles
Hardee's
Dining
6,493 visits/mo
0.1 miles
BP
Shops & Services
6,051 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,181 visits/mo
0.2 miles
Pizza Hut
Dining
4,066 visits/mo
0.3 miles
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Cabarrus County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Nine individual spaces have plumbing access and windows, serving beauty and wellness businesses.
Where is this retail space located?
The property is located at 39 Winecoff Avenue NW Concord, NC.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Nine suites; six are leased to beauty, barbering, and wellness professionals; 2,100‑square‑foot retail property built in 1969; Suite sizes include 12x9, 12x10, and 12x12; all have plumbing access and windows
