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    745 Cabarrus Ave Concord, NC 28027

    Sponsored
    For Sale
    $1,500,000

    Prime Concord location, 21,000 SF, $1.5M

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 745 Cabarrus Ave. W in Concord, North Carolina, presents a unique investment opportunity. The building, zoned C-2, boasts a substantial 21,000 square feet of space spread across three stories, including a full basement. Situated on a generous 2.65-acre lot (comprised of two parcels), this well-maintained structure offers significant potential for various uses. Currently configured as a restaurant, the property's versatility extends to office or retail applications, given its flexible zoning. Its prime location near the intersection of Hwy 601 and Cabarrus Avenue, and just blocks from Hwy 29, ensures high visibility and accessibility. The surrounding area is characterized by a vibrant pedestrian environment, with a concentration of restaurants and retail establishments, creating a thriving commercial hub. The asking price is $1,500,000, translating to $71.43 per square foot. This property offers a compelling combination of size, location, and zoning flexibility, making it an attractive investment prospect in a dynamic and growing market. The 28027 zip code further underscores its strategic position within Concord.

    Property Features for 745 Cabarrus Ave

    General Information

    Property type
    Restaurants
    Square Feet
    21,000 SF
    Lot Size
    115,434 SF

    Building Details

    Stories
    3

    HighLights

    • $1,500,000 asking price for this 21,000 square foot property.
    • Office and retail building with restaurant subtype, totaling 21,000 square feet.
    • $71.43 per square foot.
    • Three‑story building on a 2.65‑acre lot in Concord, NC.
    • C‑2 zoning.
    • High‑profile location near Hwy 601 and Cabarrus Ave, blocks from Hwy 29.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fellowship For International Revival Church NC Commercial Paving ... Asphalt Mixing Plant Carpenter Commercial Inc Real Estate Agency

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store 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
    -80.6548882
    Latitude
    35.4002721

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    FAQs

    What type of property is this?
    Restaurant - Prime Concord location, 21,000 SF, $1.5M
    Where is this restaurant located?
    The property is located at 745 Cabarrus Ave Concord, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for this 21,000 square foot property.; Office and retail building with restaurant subtype, totaling 21,000 square feet.; $71.43 per square foot.
    Request Owner's contact information
    745 Cabarrus Ave Concord, NC 28027
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    Concord, NC 28027
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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
    745 Cabarrus Ave Concord, NC 28027
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