57 Union Street S., Concord, NC 28205
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Executive Summary
Berkadia is pleased to present Suites at 57 South, a 17-unit Class-A adaptive-reuse multifamily asset with approximately 20,220 square feet of ground-floor commercial space, located on the signature corner of Union Street in the heart of Downtown Concord, North Carolina.
Originally constructed in 1923 as the Cabarrus Savings Bank and comprehensively reimagined in 2020, the property pairs modern finishes and luxury amenities with authentic historic character — anchored by the preserved original bank vault. The residential component offers one- and two-bedroom floor plans with stainless steel appliance packages, granite countertops, vaulted ceilings, in-unit washer/dryers, walk-in closets, and exposed brick accents in select units. Residents also enjoy an onsite fitness center, resident lounge, storage lockers, and elevator service.
The offering represents a rare opportunity to acquire an irreplaceable corner asset in one of the Southeast’s fastest-growing suburban markets, with multiple identified paths to near-term NOI growth and a fully controlled expansion parcel for future development.
Property Summary
- Property Address
- County
- Residential Units
- Year Built
- Year Renovated
- APN
- Stories
- Buildings
- Total SF
Amenities
Common Area Amenities
- Onsite fitness center
- Controlled access with key fob entry
- Elevator
- Storage lockers
- Resident lounge
Unit Amenities
- Historic character from the original 1923 Cabarrus Savings Bank building
- One- and two-bedroom floor plans
- Brick wall accents*
- Vaulted ceilings
- Stainless steel appliance package including refrigerator with ice maker, oven/range, microwave, dishwasher, and garbage disposal
- Pantry / eat-in kitchen
- Granite countertops in kitchens and bathrooms
- Plank-style flooring and carpet in bedrooms
- Ceiling fan in bedroom
- Spacious walk-in closets
- In-unit washer/dryer
- Air conditioning and heating
Detailed Unit Mix
RESIDENTIAL
TYPE
AVG. SF
NO. UNITS
%
1 BR / 1 BA
779
6
35%
2 BR / 2 BA
1,250
11
65%
TOTAL/AVG.
1,084
17
100%
COMMERCIAL
TENANT
SUITE
SF
Flywheel
LL & 1st Floor
20,000
Cabarrus Chamber
102
220
TOTAL/AVG.
20,220
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Contact us
OFFICES
Charlotte Office
4201 Congress Street
Suite 200
Charlotte, NC 28209
Raleigh Office
4030 Wake Forest Road
Suite 300, Office 314
Raleigh, NC 27609
Charleston Office
121 Calhoun Street
Suite 200
Charleston, SC 29401
Greenville Office
355 S. Main Street
1st and 2nd Floor
Greenville, SC 29601
Investment Sales
Thomas Colaiezzi
Director
901.603.8590
[email protected]
Matt Robertson
Associate Director
919.812.3174
[email protected]
Drew Kwiatkowski
Associate Director
908.221.2635
[email protected]
Mortgage Banking
Josh Finley
Managing Director
404.654.2594
[email protected]
Adam Erickson
Director
404.654.2596
[email protected]
57 Union Street S., Concord, NC 28205
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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