1022 Central Dr Concord, NC 28027

This exceptional 10.29-acre parcel in Concord, North Carolina, presents a prime residential development opportunity. Located at 1022 Central Dr NW, Cabarrus County, zip code 28027 (35.43385804401059, -80.6157310581329), this strategically located land boasts dual access points and flexible zoning (RC and I-1), allowing for a variety of residential projects. The asking price is $929,500, with a projected cap rate of 6.00%. The property is currently vacant and available for a net lease. The expansive acreage provides ample space for a vibrant community of residential compact housing, including duplexes, townhomes, and other similar developments. This is an ideal opportunity for developers seeking to capitalize on the thriving connectivity of this desirable location. The lot size ranges from 1.74 to 10.29 acres, offering flexibility in project scope. This property is zoned for commercial and industrial uses, providing additional development options. Don't miss this chance to create a thriving residential community in a high-demand area. Serious inquiries only.