100% occupied with a current rent roll of $186,840 per year, 49 Corban Ave is an irreplaceable 14-unit multifamily asset located in the heart of Downtown Concord. The property offers a rare combination of in-place income and meaningful upside, with room to continue increasing rents to market. Full of timeless character and tasteful updates, the property features 9 of 14 units already renovated with modern finishes, along with significant capital improvements completed by current ownership. Positioned directly adjacent to the Downtown Concord Social District and surrounded by over $200M in completed and ongoing public and private investment, 49 Corban Ave offers investors a rare opportunity to own a generational downtown corner asset with in-place cash flow and a clear path to continued NOI growth.
| MLS # | 4382158 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1927 |
| Days On Site | 101 |
| Listing Provided By | Britt Commercial Real Estate, LLC | Zach Britt |
| Bed(s) | 14 |
|---|---|
| Bath(s) | 14 Total |
| SQ Feet | 9,216 |
| Garage | 1 |
| Basement | Y |
| Units | 14 |
| Zoning | RC |
| Acreage | 0.44 |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Natural Gas, Other - See Remarks |
| Appliances | Electric Range, Refrigerator |
| Roof | Architectural Shingle, Rubber |
|---|---|
| Construction Materials | Brick Full |
| Foundation Details | Basement |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Parking Lot |
| List Aor | Canopy Realtor Association |
|---|
| Property | 661270 |
|---|
| State | NC |
|---|---|
| County | Cabarrus |
| City | Concord |
| Zip Code | 28025 |
| Area | Cabarrus |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28025) | |
Price: $1,900,000 low | high Med: $341,750 sqft: 9,216 low | high Med: 1,710 $ / sqft: $206 low | high Med: $202 On site: 101 low | high Med: 26 | |
| State | NC |
|---|---|
| County | Cabarrus |
| City | Concord |
| Zip Code | 28025 |
| Area | Cabarrus |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28025) | |
Price: $1,900,000 low | high Med: $341,750 sqft: 9,216 low | high Med: 1,710 $ / sqft: $206 low | high Med: $202 On site: 101 low | high Med: 26 | |