95 Mcgill AveConcord, NC 28025

Property Details for 95 Mcgill Ave

Year built

1920

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

1,654 SF

Zone code

C-2

Property type

Office properties

Property subtype

Other office properties

APN

5621 50 7218

APU

5621507218

Description

This exceptional 1,414 square foot retail property, located at 95 NW McGill Avenue in Concord, NC, presents a unique investment opportunity. Situated on a 0.21-acre lot, this C-2 zoned property enjoys unparalleled visibility from both McGill Avenue and Buffalo Avenue, ensuring maximum exposure for your business. Its strategic location between Downtown Concord and Gibson Mill places it within easy reach of a substantial customer base. The versatile C-2 zoning allows for a wide range of business uses, including but not limited to retail establishments, office spaces, showroom/office combinations, and mixed-use live/work spaces. Examples of permitted businesses include tax agencies, insurance agencies, real estate firms, law offices, legal services providers, and cell phone companies. This property is ideal for entrepreneurs seeking a high-traffic location to launch a new venture or for established businesses looking to relocate to a more prominent and accessible site. The asking price is $220,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Concord. Don't miss out on this chance to secure a prime location for your business success.

• CAP approach

  CAP return

  Valuation

  6%

  $398,740

  6.5%

  $368,067

  7%

  $341,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $280,088

  Geo Method

  $280,088

• Alternative Use

  Use

  Valuation

  Residential

  $456,403

  Hospitality

  $418,063

  Educational

  $347,824

  Medical

  $359,786

  Retail

  $541,059

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.4164

Longitude

-80.592

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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