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    FOR SALE
    Office Spaces

    745 Cabarrus Ave W, Concord, NC 28027

    21,092 SF 1.54 ac lot Built 1979
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US53-0862846
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained, two-story executive office building totaling approximately 21,000 square feet, situated on a substantial 2.65-acre lot comprised of two parcels. The property is ideally located in Concord, North Carolina, at 745 Cabarrus Ave W, 28027, boasting high visibility near the intersection of Highway 601 and Cabarrus Avenue, and just blocks from Highway 29. The building features a full basement, offering ample storage or potential for expansion. The C-2 zoning allows for a variety of commercial uses. The asking price for this single-tenancy property is $1,500,000. This prime location benefits from a highly walkable environment, surrounded by a vibrant mix of restaurants and retail establishments, creating a convenient and attractive setting for employees and clients alike. The property's size and location make it an excellent choice for a variety of businesses seeking a prominent presence in a thriving Concord commercial district. This is a rare opportunity to acquire a substantial office building in a highly desirable area.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1979
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 21,092 SF
    Lot 1.54 ac (67,082 SF)
    Zoning code C-2
    APN 5620 02 8732
    UPID US53-0862846
    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
    Current use
    Occupant on record · Public records
    • Fellowship For International Revival Church
    • NC Commercial Paving of Concord Building Supply Construction Company
    • Carpenter Commercial Inc Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.16M
    Blend (final) Blend
    $2.06M
    Owner & transaction history
    Harris And Rocky INC · 9 yrs held
    Harris And Rocky INC
    since 2017
    4 recorded transactions
    2017
    $710,000
    2013
    $1.4M
    2004
    1969
    Zoning & alternative use
    C-2 · Concord, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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