Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Specialty properties

    122 Cabarrus E Ave, Concord, NC 28025-3408

    1,781 SF 1.12 ac lot Built 1920
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1725397
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Use group FUNERAL HOME
    Year built 1920
    Total area 1,781 SF
    Lot 1.12 ac (48,825 SF)
    Zoning code CC
    APN 5630 09 1020
    UPID US53-1725397
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Providence Investments LLC · 1 yrs held
    Providence Investments LLC
    since 2025
    Last sale
    $500,000
    1 recorded transaction
    2025
    $500,000
    Zoning & alternative use
    CC · Concord, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 122 Cabarrus E Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message