347 Wilshire Ave SW - Auto Dealership FOR SALE


Concord, NC 28025
$695,000 USD
704-807-3147
347 Wilshire Ave SW, Concord, NC for Sale
$695,000 USD
Auto Dealership - FOR SALE
1/22
null | 7.19% Cap Rate

Jan '26


347 Wilshire Ave SW
Concord, NC 28025


HIGHLIGHTS

  • High traffic area
  • Established business and real estate included.
  • Site flexibility with C2 zoning
  • Existing Business and Real Estate Included

OVERVIEW

This mostly turnkey auto repair and service shop represents an exceptional opportunity in North Carolina's thriving automotive market. Operating continuously for years, this well-established business has built a solid foundation with documented customer relationships and proven revenue history. Growth Potential: The business currently operates with minimal staffing, creating immediate opportunity for revenue expansion through additional technicians and extended service hours. The established customer base and prime location provide the foundation for scaling operations. Note that NOI is an estimate provided by the seller. Reason for Sale: Owner retirement after years of successful operation. This opportunity combines real estate ownership with an established automotive service business in a market with consistent demand. The included property and turnkey nature make this an attractive investment for buyers seeking both operational income and real estate appreciation potential. Current C-2 Zoning for the City of Concord also allows for Auto Sales. This lot could be the perfect one!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

7.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Drye's Garage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Auto Dealership, Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C2

APN/PARCEL ID

5529-88-9658-0000

ASK ABOUT THIS PROPERTY

Jon ZavodnyBeckett Avenue RealtyMore Info
704-807-3147

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Jon ZavodnyBeckett Avenue RealtyMore Info
704-807-3147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.