840 Florence St Concord, NC 28027
This exceptional 8,000-square-foot freestanding retail building is ideally situated in Concord, North Carolina, at 840 Florence Street NW, zip code 28027. Currently vacant and available for sale at $1,425,000, this property offers a compelling investment opportunity. The building features an open floor plan suitable for a variety of commercial uses, and benefits from a convenient location just six minutes from I-85 and three minutes from Atrium Health Cabarrus Hospital. The property boasts approximately 23 paved parking spaces, catering to ample customer parking. With a daily traffic count of 30,500 vehicles, this location provides excellent visibility and accessibility. The property is zoned C2: General Commercial District Zoning, allowing for a range of commercial activities. The asking price per square foot is $178.13. A Net Net Net (NNN) lease is available at $12 per square foot, totaling $8,000 per month. The property is anticipated to be available August 1, 2024. This prime location is surrounded by numerous amenities and large national retailers, ensuring high foot traffic and strong potential for success. This is a rare opportunity to acquire a well-located, spacious retail building in a thriving area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.