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381 McGill Ave NW 864 SF Office Building Concord, NC 28027 $265,000 ($306.71/SF)
Investment Highlights
- Flexible C-2 zoning allows for multiple retail, office, and service uses.
- Convenient access to Interstate 85 and Highway 29 for regional connectivity.
- Onsite parking with approximately 10 spaces available.
- Located near Gibson Mill and within minutes of Downtown Concord.
- Approximately 12,500 daily traffic counts enhance exposure.
- Positioned within an established commercial corridor surrounded by steady development.
Executive Summary
This property at 381 McGill Avenue offers a strong opportunity for a variety of commercial uses in the heart of Concord, North Carolina. Featuring flexible C-2 zoning, the site supports numerous potential uses including retail, office, service-oriented businesses, and general commercial activity. Situated in an established commercial corridor, the property provides excellent connectivity to Downtown Concord, major thoroughfares such as Highway 29, and regional access via Interstate 85.
Spanning approximately 0.28 acres with dedicated parking and an existing structure, the property capitalizes on an area experiencing consistent traffic flow, reporting average daily counts of 12,500 vehicles. Its proximity to notable developments like Gibson Mills further reinforces its visibility and accessibility. The tenant-occupied building offers short-term stability while also presenting redevelopment or repositioning potential for future owners. This location is an attractive proposition for owner-users and investors seeking a well-located asset in a growth-oriented submarket.
Spanning approximately 0.28 acres with dedicated parking and an existing structure, the property capitalizes on an area experiencing consistent traffic flow, reporting average daily counts of 12,500 vehicles. Its proximity to notable developments like Gibson Mills further reinforces its visibility and accessibility. The tenant-occupied building offers short-term stability while also presenting redevelopment or repositioning potential for future owners. This location is an attractive proposition for owner-users and investors seeking a well-located asset in a growth-oriented submarket.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
864 SF
Building Class
C
Year Built
1942
Price
$265,000
Price Per SF
$306.71
Tenancy
Single
Building Height
1 Story
Typical Floor Size
864 SF
Building FAR
0.07
Lot Size
0.29 AC
Zoning
C-2 - Commercial
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5621-10-3050-0000 | Improvements Assessment | $60,040 |
| Land Assessment | $103,400 | Total Assessment | $163,440 |
Property Taxes
Parcel Number
5621-10-3050-0000
Land Assessment
$103,400
Improvements Assessment
$60,040
Total Assessment
$163,440
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Contact the Sale Advisor
381 McGill Ave NW