4633 Orphanage Rd Concord, NC 28027
- Commercial real estate
- 14.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4633 Orphanage Rd
- Lot size
- 14.60 lot acres
- Property type
- Commercial real estate
Description
This ±14.6-acre site in Concord, NC, presents a remarkable opportunity for multifamily development. Approved plans allow for a 240-unit, three-story garden-style walk-up community. Located in the rapidly growing Charlotte MSA, this property boasts exceptional regional connectivity, with direct access to Highway 85 (114,000 vehicles per day) and Highway 73 (18,500 vehicles per day). The site's strategic location ensures proximity to major employers, retail amenities, and other demand drivers, making it highly attractive to potential residents. Significant site work is already partially completed, streamlining the development process. The property benefits from a 100% sewer allocation and favorable demographics within a booming submarket. This fully approved project offers an unparalleled chance to capitalize on the strong demand for multifamily housing in this thriving area. The addresses are 4633 and 4489 Orphanage Rd, Concord, NC 28027, within Cabarrus County. This exceptional location offers unparalleled access to the area's key employment centers and amenities. The streamlined development process, coupled with the existing infrastructure, minimizes development time and maximizes return on investment. This is a truly exceptional opportunity to build a thriving multifamily community in a high-demand location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.6562536
- Latitude
- 35.440004
