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426 Lincoln St SW 1,913 SF Retail Building Concord, NC 28025 $525,000 ($274.44/SF)
Investment Highlights
- Rare C-2 commercial zoning in a residential pocket.
- Near downtown Concord
- Former laundromat use gives the property a strong reuse story.
Executive Summary
426 Lincoln St SW presents a unique investment opportunity in nearby Downtown Concord.
Featuring an existing retail building along with excess land included in the assemblage, the property is surrounded by a strong base of nearby residential homes, while standing out as one of the only commercially zoned sites in the immediate area, creating a rare opportunity for a neighborhood-serving business.
This site is well-positioned for an owner-user or investor looking to open a laundromat, convenience store, or general retail operation. The combination of an existing commercial structure, additional land, and limited nearby commercial zoning provides flexibility for multiple uses and future upside.
The current owner is a retired laundromat operator and is willing to assist a buyer with setting up a laundromat operation, offering valuable industry knowledge and guidance during the transition. This makes the property especially attractive for an investor or operator seeking to enter the laundromat business with support from an experienced former operator.
Buyer to verify zoning, permitted uses, utilities, and development potential.
Featuring an existing retail building along with excess land included in the assemblage, the property is surrounded by a strong base of nearby residential homes, while standing out as one of the only commercially zoned sites in the immediate area, creating a rare opportunity for a neighborhood-serving business.
This site is well-positioned for an owner-user or investor looking to open a laundromat, convenience store, or general retail operation. The combination of an existing commercial structure, additional land, and limited nearby commercial zoning provides flexibility for multiple uses and future upside.
The current owner is a retired laundromat operator and is willing to assist a buyer with setting up a laundromat operation, offering valuable industry knowledge and guidance during the transition. This makes the property especially attractive for an investor or operator seeking to enter the laundromat business with support from an experienced former operator.
Buyer to verify zoning, permitted uses, utilities, and development potential.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,913 SF
Building Class
C
Year Built
1950
Price
$525,000
Price Per SF
$274.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.20 AC
Zoning
C-2
Frontage
335’ on Lincoln St
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5620-81-9178-0000 | Improvements Assessment | $90,760 |
| Land Assessment | $22,930 | Total Assessment | $113,690 |
Property Taxes
Parcel Number
5620-81-9178-0000
Land Assessment
$22,930
Improvements Assessment
$90,760
Total Assessment
$113,690
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426 Lincoln St SW
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