381 McGill Ave NW - Office/Residential FOR SALE


Concord, NC 28027
$265,000 USD
704-778-6100
381 McGill Ave NW, Concord, NC for Sale
$265,000 USD
Office/Residential - FOR SALE
1/10
null | Request Cap Rate

381 McGill Ave NW
Concord, NC 28027


HIGHLIGHTS

  • Flexible C-2 zoning allows for multiple retail, office, and service uses.
  • Located near Gibson Mill and within minutes of Downtown Concord.
  • Convenient access to Interstate 85 and Highway 29 for regional connectivity.
  • Approximately 12,500 daily traffic counts enhance exposure.
  • Onsite parking with approximately 10 spaces available.
  • Positioned within an established commercial corridor surrounded by steady development.

OVERVIEW

This property at 381 McGill Avenue offers a strong opportunity for a variety of commercial uses in the heart of Concord, North Carolina. Featuring flexible C-2 zoning, the site supports numerous potential uses including retail, office, service-oriented businesses, and general commercial activity. Situated in an established commercial corridor, the property provides excellent connectivity to Downtown Concord, major thoroughfares such as Highway 29, and regional access via Interstate 85. Spanning approximately 0.28 acres with dedicated parking and an existing structure, the property capitalizes on an area experiencing consistent traffic flow, reporting average daily counts of 12,500 vehicles. Its proximity to notable developments like Gibson Mills further reinforces its visibility and accessibility. The tenant-occupied building offers short-term stability while also presenting redevelopment or repositioning potential for future owners. This location is an attractive proposition for owner-users and investors seeking a well-located asset in a growth-oriented submarket.

FOR SALE DETAILS

PRICE

$265,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-2

APN/PARCEL ID

5621-10-3050-0000

ASK ABOUT THIS PROPERTY

Ryan Kinney, CCIMNew Branch Real Estate Advisors, LLCMore Info
704-778-6100

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Ryan Kinney, CCIMNew Branch Real Estate Advisors, LLCMore Info
704-778-6100

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