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745 & 755 Cabarrus Ave 21,296 SF Vacant Office Building Concord, NC 28027 $1,675,000 ($78.65/SF)
Investment Highlights
- • 21,000 SF office property on 2.65 acres with full basement and two stories for versatile use.
- • Ample on-site parcel space for parking availability and potential site improvements.
- • Positioned within a proven growth market in the Charlotte Metro region for stability and upside.
- • Located at a key corridor near Highway 601, blocks from Hwy 29 and minutes to downtown.
- • Surrounded by a strong mix of restaurants, retail, and service amenities in a walkable setting.
- • Ideal for owner-user occupancy, investment repositioning, or long-term redevelopment play.
Executive Summary
Positioned in a highly visible corridor, 745 and 755 Cabarrus Avenue present an opportunity to acquire a well-maintained office property on a prominent 2.65-acre site within Concord, North Carolina. This two-building configuration includes two stories plus a full basement, providing flexible and efficient space to accommodate professional offices or future adaptive reuse. The structures have been updated for functionality while preserving a solid physical condition, creating options for both users and investors.
Located near the intersection of Highway 601 and Cabarrus Avenue and just minutes from Highway 29, the property offers excellent roadway connectivity to downtown Concord and the greater Charlotte metro area. The surrounding environment includes pedestrian-friendly streets lined with retail and dining amenities, with transit and road access supporting daily commuters. This location also benefits from growth in the Concord submarket, driven by a robust mix of residential, retail, and service-oriented development. Secure a prime site with scale, visibility, and accessibility designed to support a range of future possibilities.
Located near the intersection of Highway 601 and Cabarrus Avenue and just minutes from Highway 29, the property offers excellent roadway connectivity to downtown Concord and the greater Charlotte metro area. The surrounding environment includes pedestrian-friendly streets lined with retail and dining amenities, with transit and road access supporting daily commuters. This location also benefits from growth in the Concord submarket, driven by a robust mix of residential, retail, and service-oriented development. Secure a prime site with scale, visibility, and accessibility designed to support a range of future possibilities.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
21,296 SF
Building Class
B
Year Built
1979
Price
$1,675,000
Price Per SF
$78.65
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,065 SF
Slab To Slab
11’
Building FAR
0.30
Lot Size
1.64 AC
Zoning
C-2
Parking
34 Spaces (1.18 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Storage Space
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5620-02-8732-0000 | Improvements Assessment | $74,080 |
| Land Assessment | $1,096,750 | Total Assessment | $1,170,830 |
Property Taxes
Parcel Number
5620-02-8732-0000
Land Assessment
$1,096,750
Improvements Assessment
$74,080
Total Assessment
$1,170,830
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Presented by
Sullivan Commercial Realty LLC
745 & 755 Cabarrus Ave
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