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17 Union Street N , 17, 19, 21

Concord, NC 28025
  • $650,000
  • STATUS: Pending
  • ON SITE: 19 Days
  • ID#: 3935332
Pending
$650,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,654
    SQFT
  • $178
    $/SQFT
Type:
Commercial
Built:
1915
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Northgroup Real Estate, Inc.: 704-412-2804. Copyright 2023 Canopy MLS. All rights reserved.

Description

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 around 7% 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.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2023-02-04T23:33:04.837 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Ann Rudd Group | Real Broker, LLC nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

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17 Union Street N , 17, 19, 21 Concord, NC 28025

  • Price: $650,000
  • Status: Pending
  • On Site: 19 Days
  • ID#: 3935332
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,654
SQFT
$178
$/SQFT
1915
Built
County:
Cabarrus
Area:
Concord
Property Description
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 around 7% 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.
Exterior Features

Construction Type Site Built Foundation Details BasementBrick/Mortar Other Parking Street ParkingPublic ParkingAnd Behind The Building Public Parking Road Frontage Type City Street Road Responsibility Public Maintained Road Roof Rubber Structure Type Retail Center

Interior Features

Building Area Total 3654 Cooling Central Air Flooring TileTileVinyl Heating CentralElectricNatural GasNatural Gas Office Sq Ft 1582

Property Features

Accessibility Features Two Or More Access ExitsBath 60 Inch Turning Radius CCRSubject To Undiscovered Commercial Location Description Central Business DistrictShopping Center Construction Status Complete Documents Floor Plan Elevation 3500 Hoa Subject To None Inclusions BuildingLand Inside City YN Yes Listing Terms CashConventionalExchange New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Possible Use Commercial Property Sub Type Commercial Property Sub Type Secondary Retail Restrictions N/A Restrictions Description N/A Special Listing Conditions None Transaction Type For Sale Utilities City SewerCity WaterElectricity AvailableNatural Gas Available Zoning Description Cc



MLS Grid logo Based on information submitted to the MLS GRID as of 2023-02-04T23:33:04.837 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Ann Rudd Group | Real Broker, LLC nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

Digital Millennium Copyright Act
 
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Ann Rudd Group | Real Broker, LLC
10700 Sikes Place, Suite 200
Charlotte NC, 28277
Canopy MLS logo Offered by Northgroup Real Estate, Inc.: 704-412-2804. Copyright 2023 Canopy MLS. All rights reserved.