Technical
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Property profile

3201 Concord Pkwy Concord, NC 28027

OFF-MARKET
Land
6.78 ac lot
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Property summary

AI-generated overview

This exceptional 6.78-acre commercial and residential land parcel presents a remarkable investment opportunity in Concord, North Carolina. Located at 3201 Concord Parkway South, this property boasts a desirable C2 zoning designation, allowing for a variety of development possibilities. The lot features over one net developable acre, providing ample space for construction. Its strategic corner location offers excellent visibility and accessibility. The property is situated in a rapidly growing corridor of Cabarrus County, just north of the Charlotte Metro area, benefiting from its proximity to major attractions and amenities. Nearby establishments include Walmart, Food Lion, Walgreens, the renowned Charlotte Motor Speedway, Concord-Padgett Airport, and Parkway Station Apartment Homes. Furthermore, its close proximity to zMax Dragway and Rocky River Golf Club adds to its appeal. The area is poised for continued growth, thanks to a new boulevard project connecting Highway 29 (Concord) to Highway 49 (Harrisburg), enhancing connectivity and accessibility. The property's APN is 5509 55 3675 0000, and it is currently owned by JR Developers LLC. The asking price for this exceptional land parcel is $475,000.

Property profile

Verified
Property type Land
Lot 6.78 ac (295,337 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3201 Concord Pkwy Concord, NC 28027
Concord metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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