1493 Concord PkwyConcord, NC 28025

Property Details for 1493 Concord Pkwy

Year built

2004

Construction

WOOD

Lot size

2.06 AC

Property size (Sq ft)

8,290 SF

Zone code

C-2

Property type

Turn key restaurants

APN

5621 18 1596

APU

5621181596

Description

This exceptional 6,560-square-foot restaurant space at 1493 Concord Parkway North in Concord, North Carolina, presents a unique investment opportunity. Located in Cabarrus County (zip code 28025), this single-tenant property boasts a prime location with easy access to major highways I-85 and I-73, placing it within convenient reach of Charlotte. The C-2 zoning allows for a variety of retail and commercial uses, providing flexibility for future expansion or adaptation. The property features a fully built-out interior, ready for immediate occupancy, eliminating the need for extensive renovations. A significant advantage is the inclusion of a spacious 1,372-square-foot patio, ideal for outdoor dining or events, enhancing the overall appeal and functionality of the space. Ample parking is provided with 87 spaces available, ensuring convenience for both customers and staff. Situated in a bustling retail hub, this restaurant enjoys high visibility and significant foot traffic, promising strong potential for success. This turnkey operation offers a rare opportunity to acquire a well-established restaurant space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,937,823

  6.5%

  $2,711,837

  7%

  $2,518,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,537,648

  Geo Method

  $3,537,648

• Alternative Use

  Use

  Valuation

  Residential

  $2,287,536

  Hospitality

  $2,095,370

  Educational

  $1,743,324

  Medical

  $1,803,279

  Retail

  $2,711,837

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Latitude

35.439

Longitude

-80.6076

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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