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    217 Old Airport Rd Concord, NC 28025

    For Sale
    $7,300,000

    42-Acre Residential & Commercial Land in Concord, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 42.38-acre property presents a unique investment opportunity in Concord, North Carolina. Located at 211, 213, 215, & 217 Old Airport Rd, Concord, NC 28025, this land offers a strategic blend of commercial and residential zoning. Ten acres are designated for commercial use under C2 zoning, while the remaining 32 acres are zoned RM1, allowing for dense residential development, such as townhomes. The property boasts convenient access via two roadways: Old Airport Road and Branchview Road (Highway 3), providing excellent ingress and egress. Water and sewer utilities are available on-site, subject to City of Concord planning department approval. Future widening of Branchview Road by the North Carolina Department of Transportation is planned, but access will be maintained. The City of Concord is receptive to proposals for townhome or higher-density residential projects, with virtual planning meetings held weekly. This prime location offers proximity to major thoroughfares like Highway 601 and Highway 49, making it an ideal site for a mixed-use development. The asking price for this remarkable opportunity is $7,300,000.

    Property Features for 217 Old Airport Rd

    General Information

    Property type
    Land
    Lot Size
    1,846,073 SF

    HighLights

    • On‑site water and sewer, subject to City of Concord approval.
    • Future Branchview Road widening by NCDOT, maintaining existing ingress/egress. Dual access points via Branchview Rd (Hwy 3) and Old Airport Rd.
    • City of Concord open to higher‑density residential development; weekly virtual planning meetings available.
    • Located within Concord city limits, with convenient access to Hwy 601 and Hwy 49, and dual road access via Old Airport Rd. and Branchview Rd (Hwy 3).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brafford's Greenhouses Garden Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.547274
    Latitude
    35.3904602

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    FAQs

    What type of property is this?
    Land - 42-Acre Residential & Commercial Land in Concord, NC
    Where is this land located?
    The property is located at 217 Old Airport Rd Concord, NC.
    What is the asking price?
    The asking price for this property is $7,300,000.
    What are key features of this property?
    This property features: On-site water and sewer, subject to City of Concord approval.; Future Branchview Road widening by NCDOT, maintaining existing ingress/egress. Dual access points via Branchview Rd (Hwy 3) and Old Airport Rd.; City of Concord open to higher-density residential development; weekly virtual planning meetings available.
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    217 Old Airport Rd Concord, NC 28025
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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
    217 Old Airport Rd Concord, NC 28025
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