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    806 Mount Olivet Rd Kannapolis, NC 28083

    Sponsored
    For Sale
    $1,500,000

    Prime 1.11-Acre Retail Property, Two Buildings

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property presents a rare opportunity in Kannapolis, NC. Boasting a highly desirable location at the intersection of Mt. Olivet Road and Highway 29, this 1.11-acre lot offers significant visibility and accessibility. The property includes two existing buildings, providing immediate income potential or redevelopment possibilities. The larger building, encompassing 2240 square feet, is divided into three separate units, offering flexibility for various tenants or uses. The second building, measuring 1440 square feet, features a unique second-story space accessed from the exterior. The potential total acreage could extend to approximately 2 acres, including a vacant lot situated behind the main commercial buildings. This prime location provides excellent exposure to high traffic volume on Highway 29, making it ideal for a variety of retail businesses. The property's size and configuration offer considerable flexibility for expansion, redevelopment, or continued operation as a multi-tenant retail center. The asking price for this exceptional opportunity is $1,500,000. This is a turnkey investment with immediate potential for growth and return. Don't miss this chance to acquire a prominent commercial property in a thriving Kannapolis location.

    Property Features for 806 Mount Olivet Rd

    General Information

    Property type
    Retail properties
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.60772
    Latitude
    35.45554

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    FAQs

    What type of property is this?
    Retail property - Prime 1.11-Acre Retail Property, Two Buildings
    Where is this retail property located?
    The property is located at 806 Mount Olivet Rd Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (704) 782-3105
    Request Owner's contact information
    806 Mount Olivet Rd Kannapolis, NC 28083
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    Kannapolis, NC 28083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    806 Mount Olivet Rd Kannapolis, NC 28083
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