Lake Concord Rd NE

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Lake Concord Rd NE

Concord, NC 28025
Asking Price
$425K
Asset Type
Land
Class
Class B

What's Special

Located on Lake Concord Road NE in Concord, North Carolina, this land parcel is situated within a high-traffic commercial corridor. The property sits in close proximity to the Atrium Health Cabarrus hospital complex and various professional medical offices. Local amenities include the Carolina Mall and multiple retail centers situated along the nearby Highway 29. The site offers efficient transportation access, positioned just minutes from Interstate 85, providing a direct link to the greater Charlotte metropolitan area and regional transit routes. The property is suited for commercial development, particularly for medical office space, professional services, or specialized retail. Its location within a concentrated healthcare district makes it an ideal site for clinics, outpatient facilities, or diagnostic centers. The typical tenant profile would include healthcare providers, administrative organizations, or service-based businesses seeking visibility and proximity to regional medical infrastructure. The site's zoning and location support long-term commercial utility in a growing suburban market.

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NOI
$80,000
Cap Rate
18.82%
DSCR
3.17
Strong
Cash-on-Cash
42.96%
Monthly Payment
$2,102.668
Annual Cash Flow
$54,767.983

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