Retail Storefront
For Sale
$349,999
1201 N Cannon Boulevard, Kannapolis, NC 28082
Retail property spanning three parcels with on-site parking.
Property Size1,954 SF
Days on Market51
Property Features for 1201 N Cannon Boulevard
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Business
Amenities
Corner Lot, Level
Public Sewer
Additional parcels description:, Parcel Number: 150 -040, Assessed Value: $210,290
Central Air
Central
Listing ID: CAR4421523, Standard Status: Active, MLS Status: Active, Property Subtype: Business, 33 days on market, Special Conditions: None
Built in 1954
County/Parish: Rowan
Water Source: City
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,954 SF
Year Built
1954
Listing Agency:
NorthGroup Real Estate LLC
(704) 412-2804
Listed By:
Trudy Nance
(704) 230-9442
Source:
Blackstreaminternational
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 8:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthGroup Real Estate LLC
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Investment Insights
Based on property information with market context.
This retail storefront property at 1201 N Cannon Boulevard comprises three parcels and includes on-site parking. The building was constructed in 1954, providing an established physical presence for commercial use.
Located in Kannapolis, North Carolina, the property fronts Cannon Boulevard and offers a recognizable address for a retail operation. Its parcel configuration and parking area provide practical site features for businesses seeking a storefront location.
Located in Kannapolis, North Carolina, the property fronts Cannon Boulevard and offers a recognizable address for a retail operation. Its parcel configuration and parking area provide practical site features for businesses seeking a storefront location.
Key Highlights
- Three‑parcel retail property at 1201 N Cannon Boulevard
- On‑site parking included
- Building constructed in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,988
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,760
$479.8K
Cap Rate 7%
$342,686
$342.7K
Cap Rate 9%
$266,533
$266.5K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$37.0K $18.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$34.3K $17.54/SF
− OpEx
−$10.3K −$5.26/SF
NOI
$24.0K $12.28/SF
Area
Cabarrus County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,760
Cap Rate 7%
$342,686
Cap Rate 9%
$266,533
Alternative Uses
Best Use
Retail
$342.7K
$299.9K – $399.8K
NOI $23,988 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.0K
$538.1K – $717.5K
NOI $43,051 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Chelish Moore Flowers — 912 Brantley Rd, Kannapolis, NC 28083
- Kilby's Florist — 814 N Main St, Kannapolis, NC 28081
- Unique Flowers By Vicki — 1809 n main st, kannapolis, nc 28081
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property spanning three parcels with on-site parking.
Where is this storefront property located?
The property is located at 1201 N Cannon Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Three‑parcel retail property at 1201 N Cannon Boulevard; On‑site parking included; Building constructed in 1954
