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    1345 Sharon St Kannapolis, NC 28083

    Sponsored
    For Sale
    $849,900

    High-traffic corner lot, redevelopment potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prime .53-acre commercial land parcel in Kannapolis, NC, presents a significant redevelopment opportunity. Located at the highly visible intersection of Dale Earnhardt Boulevard and South Cannon Boulevard (Hwy 29), this flag lot benefits from exceptional daily traffic counts of 19,000 and 23,500 vehicles, respectively. Currently zoned R8, preliminary discussions with the City of Kannapolis indicate potential for GC commercial zoning, ideal for uses such as grocery stores, convenience stores, or daycare centers. The property's strategic location near the NC Research Campus, the Cannon Ballers baseball stadium, and the new US Performance Center further enhances its appeal. While the property includes two existing residential dwellings, the sale assumes their demolition, although a buyer could choose to retain them subject to zoning regulations. This location offers unparalleled visibility and access to a substantial population exceeding 92,000 within a 5-mile radius, projected to grow to over 99,000 by 2028. The asking price is $849,900. APN: 56230186530000, 56230196590000. This is an exceptional chance to capitalize on a thriving market and establish a strong presence in Kannapolis.

    Property Features for 1345 Sharon St

    General Information

    Property type
    Land
    Lot Size
    23,087 SF

    HighLights

    • $849,900 asking price for 0.53‑acre commercial land parcel.
    • Potential for GC commercial zoning; currently zoned R8.
    • Flag lot at the intersection of Dale Earnhardt Blvd. and South Cannon Blvd. (Hwy 29).
    • High visibility from Hwy 29, with 23,500 vehicles daily, and 19,000 vehicles daily on Dale Earnhardt Blvd.
    • Located in Kannapolis, NC, near the NC Research Campus and Kannapolis' downtown area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.60948893
    Latitude
    35.47501832

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, redevelopment potential
    Where is this land located?
    The property is located at 1345 Sharon St Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: $849,900 asking price for 0.53-acre commercial land parcel.; Potential for GC commercial zoning; currently zoned R8.; Flag lot at the intersection of Dale Earnhardt Blvd. and South Cannon Blvd. (Hwy 29).
    Request Owner's contact information
    1345 Sharon St 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
    1345 Sharon St Kannapolis, NC 28083
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