1480 Concord PkwyConcord, NC 28025

Property Details for 1480 Concord Pkwy

Year built

1969

Construction

STEEL FRAME

Lot size

2.54 AC

Property size (Sq ft)

144,351 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Other retail properties

APN

5621 28 0696

APU

5621280696

Description

This exceptional retail opportunity presents 137,657 square feet of vacant space within the established Carolina Mall, located at 1480 Concord Parkway North in Concord, North Carolina, zip code 28025. Situated on a 3-acre lot in Cabarrus County, this multi-tenant property boasts a total building size of 550,000 square feet, offering significant potential for expansion and growth. The available space presents a unique chance to establish a prominent presence within a thriving retail center. The property's prime location in Concord provides easy access to major transportation routes and a large customer base. This is an ideal location for businesses seeking high visibility and strong foot traffic. The substantial square footage allows for a variety of retail configurations, catering to diverse business needs. The property is currently designated for lease, presenting a compelling investment opportunity for businesses looking to expand or establish themselves in a dynamic market. Serious inquiries are encouraged to explore the possibilities of this significant retail space within Carolina Mall. Contact us to schedule a viewing and discuss lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $51,155,336

  6.5%

  $47,220,308

  7%

  $43,847,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,599,884

  Geo Method

  $61,599,884

• Alternative Use

  Use

  Valuation

  Residential

  $39,832,096

  Hospitality

  $36,485,988

  Educational

  $30,355,912

  Medical

  $31,399,900

  Retail

  $47,220,308

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.4394

Longitude

-80.6046

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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