88 Pitts School RdConcord, NC 28027

Property Details for 88 Pitts School Rd

Year built

1957

Lot size

0.50 AC

Property type

Commercial real estate

Description

This exceptional Concord, NC investment opportunity presents two income-generating properties on a half-acre lot at 88 Pitts School Road NW. Priced at $475,000, this property offers significant return potential. The property boasts a successful rental history, generating over $4,000 per month in rental income for years. One unit is configured as a residential dwelling, while the other has been successfully operated as a beauty salon. The property benefits from excellent road frontage and high traffic counts on Pitts School Road, ensuring strong visibility and accessibility. Importantly, the property is zoned I-1, offering flexibility for future uses. According to Concord city and county records, the property is grandfathered for residential use, providing additional options for the new owner. This unique combination of established rental income, versatile zoning, and prime location makes this a compelling investment opportunity for discerning buyers seeking strong returns and future development potential. The half-acre lot provides ample space and possibilities. Don't miss this chance to acquire a proven, high-performing income-generating property in a desirable Concord location.

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.3727

Longitude

-80.6688

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