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    500 Cannon Blvd Kannapolis, NC 28083

    Sponsored
    For Sale
    $695,000

    High-traffic location, excellent lease potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.67-acre office building is strategically located on heavily trafficked NC Highway 29 in the heart of Kannapolis, North Carolina. Priced at $695,000, the property offers immediate income potential with existing month-to-month leases in place for the owner and two additional tenants. The building's prime location provides easy access to major transportation arteries, including Interstate 85 (within a 3.5-4 mile radius of exits 58, 60, and 63). Its proximity to Downtown Kannapolis, the NC Research Campus, and Atrium Health Stadium further enhances its desirability and potential for future growth. The sale includes the building only

    Property Features for 500 Cannon Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1959
    Property Profile Location Intelligence

    Current Use by Public Records

    Kannapolis Real Estate ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.6117
    Latitude
    35.48857

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, excellent lease potential.
    Where is this office property / space located?
    The property is located at 500 Cannon Blvd Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    (704) 298-0087
    Request Owner's contact information
    500 Cannon Blvd 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
    500 Cannon Blvd Kannapolis, NC 28083
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