292 Church StConcord, NC 28025

Property Details for 292 Church St

Year built

1908

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

12,790 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Retail space

APN

5621 61 8187

APU

5621618187

Description

This exceptional retail property at 292 Church Street, Concord, NC, presents a unique investment opportunity. Built in the early 1900s, this charming building offers approximately 0.49 acres of land and boasts two spacious floors plus a partial basement, providing ample room for a variety of uses. Currently occupied by a martial arts school/gym, the property's versatility allows for continued operation as an owner-user business or conversion into a lucrative rental property. Its prime location on a busy street corner ensures high visibility and significant foot traffic. The building benefits from its proximity to the revitalized Locke Mill, a mixed-use development featuring residential, office, and retail spaces, and is just one block from historic Union Street, adding to its desirability. The C2 zoning classification allows for a wide range of commercial uses, making this a truly flexible and attractive investment. The asking price is $799,900. This property offers a blend of historical character and modern potential, making it an ideal choice for discerning investors seeking a strong return on investment in a thriving community. The building's size, while not specified in square footage, is substantial enough to accommodate a variety of businesses. Its location within a revitalized area promises continued growth and appreciation. Don't miss this chance to own a piece of Concord's rich history and vibrant future.

• CAP approach

  CAP return

  Valuation

  6%

  $4,532,540

  6.5%

  $4,183,883

  7%

  $3,885,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,457,964

  Geo Method

  $5,457,964

• Alternative Use

  Use

  Valuation

  Residential

  $3,529,262

  Hospitality

  $3,232,785

  Educational

  $2,689,639

  Medical

  $2,782,140

  Retail

  $4,183,883

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.4189

Longitude

-80.5881

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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