1493 Concord PkwyConcord, NC 28025
- Retail properties
- 8,290 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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