Investment Overview

Marcus & Millichap is pleased to present the fully entitled boat and RV storage investment opportunity located at 401 Pitts School Road NW in Concord, North Carolina. The shovel-ready property is planned for 64 canopy parking spots and 26 enclosed storage units, offering investors a defined path toward development in a growing suburban market within the Charlotte MSA. A significant amount of site work has already been completed, helping reduce early-stage development risk and improve the property’s readiness for construction. The planned mix of canopy parking and enclosed storage units is well-positioned to serve boat, RV, and recreational vehicle owners seeking secure and purpose-built storage options. Likewise, the property benefits from strong surrounding demographics, with approximately 127,803 residents within a five-mile radius. Continued residential momentum is supported by projected population growth of 7.4 percent over the next five years, indicating expanding demand for storage-related uses. Additionally, the area’s median household income of $102,450 suggests a strong local consumer base with discretionary income for recreational vehicle ownership and related storage needs