Sold
17 Union Street N Unit: 17, 19, 21
Concord NC, 28025
$660,000
$180.62 per sqft
Sold
4 Baths
3,654 sqft
Commercial
Built in 1915
A great opportunity for investors, this building is located in downtown Concord and has two retail stores on the main floor and a large office on the second floor. All three spaces are fully leased more than 6.5% CAP rate. It has been very well maintained by the current owner and has spent a lot of money renovating it including a new 2022 HVAC for the office on the second floor, new plumbing has been replaced in the basement, and the tenants have made several space improvements in their spaces. Tenants pay all utilities with liability insurance and the owner pays property tax and property insurance. The parking space behind the building belongs to the property and must be used for service parking only. There is a free public parking building behind this property, in addition of free street parking in front of it.
Really it is considered a very rare opportunity for investors who are looking for secure and stable income with a great cap rate.
3935332
MLSⓇ ID
January 18, 2023
Listed
February 16, 2024
Updated
Map
17 Union Street N Unit: 17, 19, 21
Concord NC, 28025
Interior Features
Total Stories
2
Bathrooms
4 Baths
Floor Description
Tile, Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric, Natural Gas
Exterior/Building Features
Lot Size
0.08 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Days on Market
-5
Garage
No
View
No
County
Cabarrus
Water Source
City
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
8/25/2023 | Sold | $660,000 |