For Sale
$1,700,000

990 Lee-Ann DrConcord, NC 28025

Prime Concord Office, Owner-Occupant Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A office building, located at 990 Lee-Ann Drive in Concord, NC, presents a compelling investment opportunity. The 6,587 square foot, two-story building sits on 0.77 acres and boasts a desirable C-1 zoning. Currently 70% occupied, with a tenant (Younce CPA) under lease until June 2028, occupying 4,737 square feet, this property offers immediate income potential. The first floor features 1,850 square feet of rentable space, ideal for an owner-occupant. The recently renovated second floor includes new carpeting, paint, a modern kitchen, and updated restrooms. Multiple points of entry provide convenient access for both tenants and the owner. The layout is highly functional, encompassing numerous private offices, two large conference rooms, and two separate breakrooms. Situated minutes from Carolina Mall, Atrium Health Cabarrus, and a variety of retail and dining options, this property enjoys excellent visibility and accessibility. Its prime location offers easy access to I-85 and Concord Parkway (Highway 29), placing it within a 30-minute commute of Charlotte's city center. Built in 1986, this stabilized investment is priced at $1,700,000, with a price per square foot of $258.08. The property is offered as a NNN lease. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving Concord location.

Highlights

  • Class A office building, 6,587 SF, on 0.77 acres in Concord, NC.
  • 70% occupied, with a lease in place until June 2028.
  • First floor offers 1,850 SF of rentable space, ideal for owner-occupancy.
  • Recently renovated second floor with new carpeting, paint, kitchen, and restrooms.
  • Prime location near I-85, Concord Parkway, Carolina Mall, and Atrium Health Cabarrus.
  • $1,700,000 asking price ($258.08/SF).

Property Details for 990 Lee-Ann Dr

Property type
Office properties
Square Feet
6,587 SF
Class
A
Buildings
1
Stories
2

Location Insight

City
Concord
County
Cabarrus
State
North Carolina
Latitude
35.443285
Longitude
-80.5972411
990 Lee-Ann Dr, Concord, North Carolina

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990 Lee-Ann Dr
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