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    413 Cannon Blvd Kannapolis, NC 28083

    Sponsored
    For Sale
    $250,000

    High-traffic Kannapolis land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.52-acre commercial land parcel is located at 413 N Cannon Blvd, Kannapolis, NC 28083, in Cabarrus County. Zoned GC, this property offers exceptional visibility and accessibility along Highway 29/N Cannon Blvd, boasting an estimated 18,000 vehicles passing daily. The asking price is $250,000, representing a land value of $500,000 per acre. This prime location benefits from a strong consumer base exceeding 100,000 people within a 5-mile radius, exhibiting an average household income surpassing $71,000. The site is part of a thriving commercial area, proximate to the Kannapolis downtown redevelopment, featuring the Atrium Health Ballpark, various retailers, restaurants, breweries, residential developments, and offices. National tenants such as Walmart, Chick-fil-A, and Lowe's are nearby. The area projects a conservative 10.59% population increase over the next five years, promising continued growth and investment potential. This presents a unique opportunity for commercial development in a rapidly expanding market.

    Property Features for 413 Cannon Blvd

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • $250,000 asking price for 0.52 acres of commercial land.
    • GC zoning.
    • $500,000/acre land value.
    • Located at 413 N Cannon Blvd, Kannapolis, NC 28083.
    • High traffic exposure on Hwy‑29/N Cannon Blvd.
    • Potential consumer base of over 100,000 within a 5‑mile radius, with average household income exceeding $71,000.
    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
    -80.6096152
    Latitude
    35.5006197

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    FAQs

    What type of property is this?
    Land - High-traffic Kannapolis land, ideal for development.
    Where is this land located?
    The property is located at 413 Cannon Blvd Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for 0.52 acres of commercial land.; GC zoning.; $500,000/acre land value.
    (704) 796-3433
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    413 Cannon Blvd 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
    413 Cannon Blvd Kannapolis, NC 28083
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