Property profile

350 Mcgill NW Ave Concord, NC 28027

OFF-MARKET
Strip malls
Property ID
US53-2488556
8,320 SF 1.04 ac lot Built 2018
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail building at 350 McGill Ave NW, Concord, NC 28027, presents a fantastic opportunity for businesses seeking high visibility and convenient access. The property offers multiple tenancy options, with available spaces ranging from 2,137 to 4,274 square feet, perfect for a variety of retail or office/medical uses. Its prime location just off McGill Ave ensures excellent exposure to a high volume of traffic. The building boasts attractive features including high ceilings, functional floor plans designed for optimal use, and ample natural light provided by large windows. This location offers unparalleled convenience, with easy access to major transportation arteries. Commuters will appreciate the proximity to I-85 (6 minutes), Hwy 29 (1 minute), Hwy 73 (5 minutes), and downtown Concord (5 minutes). The surrounding area is rich with amenities, making this an ideal location for attracting customers and employees alike. This versatile space is ready for immediate occupancy and presents a unique opportunity to establish a thriving business in a highly desirable Concord location. Contact us today to learn more about this exceptional property and schedule a viewing.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction STEEL FRAME
Total area 8,320 SF
Lot 1.04 ac (45,085 SF)
Zoning code C-1
APN 5621 10 8324
UPID US53-2488556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Sports School
  • Kitchen & Bath Showroom Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store Printing Service

Location

350 Mcgill NW Ave Concord, NC 28027-6114
Concord metro Census 41901 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$965k

Owner & transaction history

since 2024
Last sale
$965,000
5 recorded transactions
2024
$965,000
2018
Price N/A
2017
Price N/A
2017
$125,000
2012
$80,000

Zoning & alternative use

C-1 · Concord, NC
Zoning description

The C-1 District is established to provide areas for indoor retail, service and office uses. The purpose of the C-1 District is to accommodate well designed development sites that provide transportation access, make the…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.1M +274.4%
Industrial (general) $675,000 +125.9%
Retail stores $665,000 +122.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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