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

Courtesy of NorthGroup Real Estate, Inc. with Layth Duroobi,
Listing Contact: [email protected] 
 
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