600 Penny Ln Concord, NC 28025
- Commercial real estate
- 1.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 600 Penny Ln
- Lot size
- 1.59 lot acres
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 5622 51 2773
- APU
- 5622512773
Description
This exceptional 1.58-acre commercial land parcel is ideally situated at 600 Penny Ln NE, Concord, NC 28025, in Cabarrus County. The property boasts a cleared and level site, perfect for immediate development. Zoned C2, this location offers significant potential for a variety of commercial uses. The asking price is $358,000. Its convenient location within Concord provides easy access to major transportation routes and a thriving local economy. The property's size and zoning make it an attractive investment opportunity for developers and businesses seeking a strategic location to establish or expand their operations. This is a rare opportunity to acquire a sizable, ready-to-develop commercial lot in a desirable area of Concord. The level topography simplifies construction, minimizing site preparation costs and accelerating project timelines. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. The property is located at latitude 35.447699657633336 and longitude -80.59476394920623. Broker co-op is available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $120,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $100,000
- Mixed-Use
- $95,000
- Hospitality
- $130,000
- Educational
- $110,000
- Residential Income
- $110,000
- Energy
- $130,000
- Income-Based Land
- $120,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.594
- Latitude
- 35.4478
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA