122 Cabarrus Ave Concord, NC 28025
- Specialty properties
- 1,781 SF
- 1.12 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 122 Cabarrus Ave
- Year built
- 1920
- Lot size
- 1.12 lot acres
- Property size
- 1,781 SF
- Zone code
- CC
- Property type
- Specialty properties
- APN
- 5630 09 1020
- APU
- 5630091020
Description
This exceptional 1.19-acre commercial property in Concord, NC, presents a unique redevelopment opportunity. Located at 122 Cabarrus Avenue E, the site boasts a prime downtown location with excellent walkability and access to major transportation arteries including Highway 3, Interstate 85, Highway 29, and Highway 49. Currently featuring a 1384 square foot building (formerly a funeral home) and a parking lot, the property is zoned City Center, allowing for mixed-use and high-density development. This vibrant area is experiencing significant revitalization, with over $200 million in recent public and private investments. The high-growth potential is further enhanced by the property's eligibility for mixed-use zoning. The existing building is sold "as is." Prospective buyers should be aware that the City of Concord operates under sewer allocation guidelines, and an application may be required. It is the buyer's responsibility to verify all zoning regulations and obtain any necessary permits. This presents a compelling investment opportunity for developers seeking to capitalize on Concord's burgeoning downtown scene and create a thriving commercial or multi-family project. The asking price is $550,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $475,000
- ML approach
- $460,000
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Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.5771
- Latitude
- 35.4132
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
