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    7711 Gateway Ln Concord, NC 28027

    For Sale
    $1,350,000

    Prime Concord location, high traffic, C2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.26-acre commercial land parcel presents a unique investment opportunity in Concord, North Carolina. Strategically located on Gateway Ln NW, this property boasts high visibility along Bruton Smith Boulevard, experiencing over 40,000 vehicles per day. Its C2 commercial zoning allows for a multitude of development possibilities. The site benefits from its proximity to major attractions, including the Charlotte Motor Speedway, generating 1.5 million annual spectators and a $450 million annual economic impact. Concord Mills Mall, North Carolina's largest shopping destination with 1.4 million square feet and 18 million annual visits, is also nearby. Excellent access to the greater Charlotte MSA is provided via I-85, carrying over 116,000 vehicles daily. The surrounding area demonstrates strong demographic appeal, with a 3-mile population exceeding 45,000 and an average household income of $112,000, further enhanced by a projected 2.49% annual population growth. Numerous hotels, including Embassy Suites, Courtyard, Residence Inn, Homewood Suites, Great Wolf Lodge, Hilton Garden Inn, and others, are conveniently located nearby. This large parcel offers significant flexibility for various commercial uses, making it an ideal investment for developers seeking a high-traffic, high-growth location. The asking price is $1,350,000, and the property is offered fee simple.

    Property Features for 7711 Gateway Ln

    General Information

    Property type
    Land
    Lot Size
    54,886 SF

    HighLights

    • High‑profile Bruton Smith Boulevard frontage with 40,000+ vehicles daily.
    • Minutes from Charlotte Motor Speedway (1.5M annual spectators, $450M annual economic impact).
    • Near Concord Mills Mall (1.4M sq ft, 18M annual visitors; North Carolina's largest mall).
    • Easy I‑85 access (116,000+ vehicles daily) to the Greater Charlotte MSA.
    • Attractive demographics: 45,000+ population within 3 miles, $112,000+ average household income, and projected 2.49% annual population growth.
    • Proximity to multiple hotels including Embassy Suites, Courtyard, Residence Inn, Homewood Suites, Great Wolf Lodge, and Hilton Garden Inn.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.708432831986
    Latitude
    35.365427072559

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    FAQs

    What type of property is this?
    Land - Prime Concord location, high traffic, C2 zoning.
    Where is this land located?
    The property is located at 7711 Gateway Ln Concord, NC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: High-profile Bruton Smith Boulevard frontage with 40,000+ vehicles daily.; Minutes from Charlotte Motor Speedway (1.5M annual spectators, $450M annual economic impact).; Near Concord Mills Mall (1.4M sq ft, 18M annual visitors; North Carolina's largest mall).
    Request Owner's contact information
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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
    7711 Gateway Ln Concord, NC 28027
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