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$525,000
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Property Description
Situated on Penny Lane in Concord, NC, this C-2 zoned commercial land tract presents an attractive development opportunity in a growing commercial corridor. The property is in close proximity to medical offices, Atrium Health Cabarrus, Carolina Place Mall, and I-85, enhancing accessibility throughout the region. The C-2 Commercial zoning permits a wide range of retail, office, medical, and service uses. The wooded site features rolling topography and is surrounded by a mix of commercial, medical, retail, and residential development.
Full Property Details
Full Property Details for 550 Penny Ln NE
General
- Price: $525,000
- Status: Active
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4329995
- Updated: 12/16/2025
- Added to Site: 109 day(s) ago
Location
- County: Cabarrus
Utilities
- Sewer: Public Sewer
- Water: City
Lot Features
- Street/Road Desc.: Concrete
Disclosures and Reports
- Property ID: 5622-51-3554-0000
- Lot Number: 0968/0219
Listed by New Branch Real Estate Advisor
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Schools
Schools serving 550 Penny Ln NE
School District:Cabarrus County Schools
| Name | Grades | Distance |
|---|---|---|
Beverly Hills Elementary 87 Palaside Drive Northeast, Concord, NC 28025 | K-5 | 1.1 mi |
Concord Middle 1500 Goldrush Drive, Concord, NC 28025 | 6-8 | 2.9 mi |
Concord High 481 Burrage Road Northeast, Concord, NC 28025 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 Penny Ln NE
Date
Details
Price
Change
Source
12/16/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 550 Penny Ln NE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,313
—
$734,210
—
2024
$7,313
-10%
$734,210
10%
2023
$8,143
—
$667,460
-25%
2022
$8,143
-25%
$886,760
—
2021
$10,818
—
$886,760
—
2020
$10,818
36%
$886,760
36%
2019
$7,927
2%
$649,750
—
2018
$7,797
2%
$649,750
—
2017
$7,667
69%
$649,750
—
2016
$4,548
-24%
$649,750
-24%
2015
$5,987
—
$855,220
—
2013
$5,987
—
$855,220
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 550 Penny Ln NE
550 Penny Lane NE, Concord, NC 28025 (MLS# 4329995) is a Lots/Land property with a lot size of acres. 550 Penny Lane NE is currently listed for $525,000 and was received on December 16, 2025. Want to learn more about 550 Penny Lane NE? Do you have questions about finding other Lots/Land real estate for sale in Concord? You can browse all Concord real estate or contact a Coldwell Banker agent to request more information.

