363 Church StConcord, NC 28025

Property Details for 363 Church St

Year built

1940

Construction

STEEL FRAME

Lot size

5.11 AC

Property size (Sq ft)

37,619 SF

Zone code

C-2

Property type

Office properties

Property subtype

Other office properties

APN

5621 51 8365

APU

5621518365

Description

This exceptional Class A executive office suite, located at 363 Church St N in Concord, NC 28025, offers 353 square feet of move-in ready space. Situated within The Old Creamery, a vibrant mixed-use development, this single-tenant space is perfect for a small business or professional seeking a prestigious address. The Old Creamery is a landmark property, featuring two historic buildings connected by an inviting open-air courtyard. Its prime location on Church Street provides easy access to I-85 and downtown Concord. The property boasts ample parking, enhancing convenience for employees and clients. Beyond parking, the development offers pedestrian-friendly amenities including sidewalks, bike lanes, and a nearby bus stop, promoting a sustainable and accessible work environment. The unique character and convenient location of The Old Creamery create an authentic and engaging experience, ideal for both work and leisure. This suite is part of a thriving community, making it an attractive option for businesses seeking a blend of historical charm and modern convenience. The property type is classified as Retail, Office, and Restaurant, reflecting the diverse offerings within the development. The suite itself is specifically designated as an Executive Office and Commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,069,034

  6.5%

  $8,371,416

  7%

  $7,773,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,370,402

  Geo Method

  $6,370,402

• Alternative Use

  Use

  Valuation

  Residential

  $10,380,556

  Hospitality

  $9,508,534

  Educational

  $7,910,988

  Medical

  $8,183,060

  Retail

  $12,305,982

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.4194

Longitude

-80.5915

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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