High-Traffic Commercial Corner
2960 Dale Earnhardt Boulevard Kannapolis, NC 28083
2960 Dale Earnhardt Boulevard, Kannapolis, NC, 28083
$685,000
For Sale
$685,000
Corner lot with frontage on Dale Earnhardt Blvd.
Property Size1,580 SF
Price / SF$433.54
Days on Market328
Property Features for 2960 Dale Earnhardt Boulevard
General Information
- Standard status
- Active
- Size
- 1,580 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing agency
LANTERN REALTY & DEVELOPMENT, LLC
(704) 298-0087
Listed by
PAM LAMBERT
Source
Corcoran
Added: Aug 29, 2025 Updated: Jul 6 at 9:52AM Checked: Jul 21 at 5:24AM
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 LANTERN REALTY & DEVELOPMENT, LLC
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in a high-traffic commercial area near I-85 (Exit 60). The corner lot provides 86 feet of frontage on Dale Earnhardt Blvd and is 150 feet deep, offering visibility. Zoned general commercial, the property is located among shopping centers, big box businesses, banks, restaurants, gas stations, hotels, and retail stores. The building includes a metal roof, two restrooms, a handicap-accessible ramp, a storage area, and concrete parking in the back. The property is currently used as a nail salon and has general commercial zoning for multiple uses. The building size is 1580 square feet.
Key Highlights
- High‑traffic location off I‑85 (Exit 60) in a commercial corridor.
- Corner lot with 86 feet of frontage on Dale Earnhardt Blvd, providing maximum visibility.
- Zoned General Commercial, allowing for multiple uses.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $18.96 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $27.7k | $17.54 |
| − OpEx | −$8.3k | −$5.26 |
| NOI | $19.4k | $12.28 |
1,580 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$277.1K
$242.5K – $323.3K
NOI $19,397 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.3K
$435.1K – $580.2K
NOI $34,811 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nails By Duke
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner lot with frontage on Dale Earnhardt Blvd.
Where is this retail space located?
The property is located at 2960 Dale Earnhardt Boulevard Kannapolis, NC.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: High‑traffic location off I‑85 (Exit 60) in a commercial corridor.; Corner lot with **86 feet of frontage on Dale Earnhardt Blvd, providing maximum visibility.**; Zoned General Commercial, allowing for multiple uses.
