INNOVATE Real Estate
Unimproved Commercial at 334 Penny Lane, Concord
Unimproved Commercial at 334 Penny Lane, Concord, photo 2 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 3 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 4 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 5 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 6 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 7 of 8
Unimproved Commercial at 334 Penny Lane, Concord, photo 8 of 8
8 photos

$295,000

334 Penny Lane
Concord, NC 28025
Listed by Isaac Nifong · New Branch Real Estate Advisor
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Located along Penny Lane in Concord, NC, this C-2 commercial land tract offers a development opportunity in an established commercial area. The property is conveniently located near medical offices, Atrium Health Cabarrus, Carolina Place Mall, and provides quick access to I-85, offering strong regional connectivity. Zoned C-2 Commercial, the site allows for a variety of retail, office, medical, and service uses. The property is wooded with rolling topography, providing natural screening and flexibility for site planning within an active Cabarrus County market.

Property details

MLS
Canopy MLS
MLS #
CAR4329980
Property type
Unimproved Commercial
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
December 16, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Beverly Hills Elementary
0.9 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
285
Student:teacher ratio
12.4:1
District
Cabarrus County Schools
Middle
Concord Middle
2.91 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
702
Student:teacher ratio
14.0:1
District
Cabarrus County Schools
High
Cabarrus-Kannapolis Early Coll
3.63 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
240
Student:teacher ratio
30.0:1
District
Cabarrus County Schools

Walkability

Blended score for Concord's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

66
Walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores2
Parks0
Schools5
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in Concord, from live MLS data.

On the market 0 days -- 70 fewer days than Concord's current average of 70 days.
For reference, the median list price across 646 active listings in Concord right now is $354,950.

Mortgage calculator

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Est. monthly payment
$1,927/mo
$59,000 down
$236,000 loan
Principal & interest$1,531
Property tax (est.)$246
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated December 16, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.