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    600 Penny Ln Concord, NC 28025

    Sponsored
    For Sale
    $358,000

    Prime Concord commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.58-acre commercial land parcel is ideally situated at 600 Penny Ln NE, Concord, NC 28025, in Cabarrus County. The property boasts a cleared and level site, perfect for immediate development. Zoned C2, this location offers significant potential for a variety of commercial uses. The asking price is $358,000. Its convenient location within Concord provides easy access to major transportation routes and a thriving local economy. The property's size and zoning make it an attractive investment opportunity for developers and businesses seeking a strategic location to establish or expand their operations. This is a rare opportunity to acquire a sizable, ready-to-develop commercial lot in a desirable area of Concord. The level topography simplifies construction, minimizing site preparation costs and accelerating project timelines. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is located at latitude 35.447699657633336 and longitude -80.59476394920623. Broker co-op is available.

    Property Features for 600 Penny Ln

    General Information

    Property type
    Land
    Lot Size
    68,825 SF

    HighLights

    • $358,000 asking price.
    • 1.58‑acre commercial land parcel.
    • Located at 600 Penny Ln NE, Concord, NC 28025 in Cabarrus County.
    • C2 zoning.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -80.594763949206
    Latitude
    35.447699657633

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    FAQs

    What type of property is this?
    Land - Prime Concord commercial lot, ready to build.
    Where is this land located?
    The property is located at 600 Penny Ln Concord, NC.
    What is the asking price?
    The asking price for this property is $358,000.
    What are key features of this property?
    This property features: $358,000 asking price.; 1.58-acre commercial land parcel.; Located at 600 Penny Ln NE, Concord, NC 28025 in Cabarrus County.
    Request Owner's contact information
    600 Penny Ln Concord, NC 28025
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    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
    600 Penny Ln Concord, NC 28025
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